ENBD REIT (CEIC) Limited (DIFX:ENBDREIT) agreed to acquire community retail centre Silicon Oasis from Souq Extra LLC for AED 210 million on December 26, 2017. Under the terms of the transaction, Phase 1 of Community Retail Centre In Dubai Silicon Oasis will be acquired for AED 84 million while Phase 2 of the development is scheduled for completion in the last quarter of 2018. ENBD REIT will use its existing finance facility to fund the acquisition. Andrew Love of Cavendish Maxwell and Joseph Morris of Knight Frank acted as property consultants for Souq Extra in the transaction. ENBD REIT (CEIC) Limited completed the acquisition of community retail centre in Dubai Silicon Oasis from Souq Extra LLC on January 10, 2018.