Gulf Islamic Investments Expands European Portfolio with USD 300 Million Acquisition in Paris

United Arab Emirates-based Gulf Islamic Investments (GII), a Shariah-compliant global financial services firm, announced its nearly USD 300 million acquisition of Altaïs Towers, a fully restructured commercial property in east of Paris, France. Why it matters?

This is GII’s largest real-estate acquisition and marks its first acquisition in Paris. This acquisition brings the total value of GII’s investments in Europe (including the United Kingdom) to nearly USD 800 million. Mohammed Alhassan, Founding Partner and Co-CEO of GII noted that the Altaïs Towers deal brings GII closer towards achieving its target of having USD 3 billion in total assets under management (AUM) by the end of 2021. The acquisition in Paris is also consistent with GI...