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Golden Triangle p.l.c.

Golden Triangle p.l.c. announced the issuance of €42,000,000 5.3% Secured Bonds maturing in 2030 with a nominal value of €100 per bond to be issued at par. 

The Issuer carries on the business of a finance company in connection with, the ownership, development, and operation of real estate located in Beverly Hills, California. The Issuer was incorporated principally for the purpose of financing the acquisition of the Hotel Properties and the Office Block. 

The IHI Group, the Gores Group and the Action Group have formed a joint venture (Gilded Triumvirate LP) for the purposes of realising an investment opportunity in Beverly Hills, California, whose principal business is the ownership of two hotels (the Hotel Properties) and an office block (the Office Block) located in Beverly Hills, California. The joint venture partners shall be combining their respective resources, capabilities, and expertise in procuring, operating, and funding the respective property assets. 

IHI Group, which needs no introduction locally, carries on the business of an investment group in connection with the ownership, development and operation of luxury hotels and serviced residential and commercial real estate carrying its proprietary Corinthia Brand.

The Gores Group is a global investment firm based in Beverly Hills, California. The group was established in 1987 by its current chief executive officer Alec E. Gores, a prominent entrepreneur and businessman, with the primary purposes of acquiring, fixing, and partnering with businesses. The group focuses on partnering with differentiated businesses that can benefit from their extensive industry knowledge and decades long experience to improve underperforming or undervalued companies and since its inception, has completed over 120 acquisitions.

Action Group has three decades of successful track record, it’s a serial investor in all six GCC Gulf countries (Kuwait, Saudi Arabia, Bahrain, United Arab Emirates, Qatar, and Oman), also present in the overseas world markets, with diverse subsidiaries and operations active in more than 12 countries worldwide including Australia, UK, Germany, France, and of course the MENA region, covering various business sectors including investments, real-estate, trade & FMCG, hospitality & hotels, energy & oilfields services, information technology & consultancy.

More info about this bond issue on this link.