Barwa to sell Paris Convention Centre

Barwa International, Barwa Real Estate Company's global arm, has awarded a contract to a strategic investor to sell the Paris Convention Centre in Paris, France, at a cost of 456m euros, the company announced here yesterday. "The company has taken the decision of selling the Paris Convention Centre after considering many factors, one of which is the rise of price offered which resulted in a high investment profit for the company during the few months between the purchase and sale dates.