TOP Ships Signs Letter of Intent to Acquire Dubai Real Estate Assets
TOP Ships Inc. has signed a letter of intent to potentially acquire residential real estate assets in Dubai valued at over $200 million. The company has an exclusive option to purchase at a 10% discount, subject to appraisals and committee approval. An advance payment of $23.5 million will be credited against the acquisition price if exercised. The option period is 90 days for due diligence. Completion of the transaction is not assured.
TOP Ships Inc. has entered into a letter of intent for the potential acquisition of residential real estate assets in Dubai, valued at over $200 million. The company has secured an exclusive option to purchase the assets at a 10% discount to fair market value, subject to independent appraisals and approval by a special committee. An advance payment of $23.5 million will be made, credited against the acquisition price if the option is exercised. The option period lasts 90 days, during which due diligence will be conducted. There is no assurance the transaction will be completed. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TOP Ships Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001171843-25-007655), on November 28, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
