US EditionHydra liquidates assets as IHC's ESG acquires towers
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Hydra liquidates assets as IHC's ESG acquires towers
End of Abu Dhabi property company ESG acquire six-tower portfolio Deal agreed at $56m Hydra Properties, a once-prominent Abu Dhabi developer whose stalled projects led to a series of investor lawsuits after the 2008 crash, is in liquidation. Parts of its real estate portfolio are being acquired by companies linked to the emirate’s largest listed company, International Holding Company. Emirates Stallions Group, a subsidiary of IHC, agreed to acqu…
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