Mubasher: The Commercial Real Estate (Al Tijaria) said that its subsidiary has invested $11 million (KWD 3.34 million) in a property in the US.

The subsidiary, Al Mutajara Real Estate Co, has partnered with a consortium of investors to invest in this asset in the state of New Jersey, according to a bourse statement on Tuesday.

The building is fully leased to Realogy Operations LLC, a fully-owned subsidiary of Realogy Holding Corp which is listed on the New York Stock Exchange (NYSE).

Al Tijaria clarified that no financial impact will be realised following this purchase deal.