Tag Archives | Palm City

MIH Lowers Value of Palm City

Mediterranean Investments Holding (MIH) has lowered the value of its Palm City development in Libya by nearly 20 percent. In a statement on the Malta Stock Exchange, the directors made reference to an appraisal report submitted by PricewaterhouseCoopers for 2013, which valued the Palm City property at €315 million, against a reported value of €310 […]

MIH Considers Fundraising for Libya Projects

Bloomberg reports that Malta-based developer Mediterranean Investments Holding is considering a 100 million-euro ($132 million) share sale in London to fund home-building in Libya. The company, set up in 2006 as a joint venture between the Corinthia Group of Malta and the National Real Estate Company of Kuwait, has purchased land in the northwestern town of […]