He purchased the tower from Abu Dhabi tycoon Khadem al-Qubaisi, whose fund had exercised a last-minute purchase option from Spanish lender Bankia (BKIA.MC), its previous owner.
The tower was purchased by the individual from Abu Dhabi's Khadem al-Qubaisi, who acquired it through his investment fund after Bankia, the previous owner, exercised a last-minute purchase option.