Dubai-Based Gulf Islamic Investments Adds to London Real Estate Portfolio with GBP 60 Million Deal

Gulf Islamic Investments (GII), based in Dubai in the United Arab Emirates, has signed a deal that expands its United Kingdom (UK) real estate portfolio. The deal is valued at GBP 60 million, and the transaction, which is the third one by GII in the UK, raises the value of GII’s UK holdings by 46% to a figure of about GBP 250 million.

Why it Matters?

GII stated that this action is in line with its strategy to acquire high-quality real estate assets in developed markets. Chief Executive Officer of Gulf Islamic Investments Real Estate Development, Shreen Gupta, said that this is welcomed by GII’s fast-growing portfolio in London and that it is also aligned with overall market sentiment. Further, GII has plans to invest an additional USD 400...