Gulf Islamic Investments LLC, a financial services firm that oversees nearly $2 billion, made its largest-ever real estate deal by purchasing a commercial property in Paris as part of what it called rapid investments across Europe.
UAE-based Shari'ah-compliant financial services firm GII set to launch its second fund targeting a range of sectors in India, with a size of about $50 million.
The proposed fund - India Growth Portfolio II (IGP-II) – is slated to be launched soon and will be deployed for investments in companies across sectors in the South Asian country.
The UAE-based firm bought the Altaïs Towers office complex in Paris for €250m last week.
GII is looking to double the size of its European real estate portfolio by investing $800m-$1bn across the continent this year, with a focus on offices, logistics and senior housing, according to founding partner and co-CEO Pankaj Gupta.
Gulf Islamic Investments plans joint investment of $300m in the logistics and warehousing real estate sector in the Middle East.
This is GII's second major European deal in 2 months. The 60 million pound investment adds to GII's already sizeable London-focussed portfolio.
Gulf Islamic Investments LLC (GII), a Dubai-based investment and asset management firm, announced today the acquisition of Altaïs Tower in East Paris (the Property), for EUR 250mn (c. USD 302mn).
European fund snaps up Sky View hotel and residences, signalling increased buyer interest
Dubai-based company to spend about $400m on property and $200m on private equity deals as it pursues $3bn in managed assets by end of year
“GII is committed to serving as a partner for growth. We are vigilant and visionary in our approach, leveraging our deep and diversified global experience to originate outstanding investment opportunities that deliver superior value to our shareholders and investors.”
Mohamed Al-Hassan & Pankaj Gupta
“GII is committed to serving as a partner for growth. We are vigilant and visionary in our approach, leveraging our deep and diversified global experience to originate outstanding investment opportunities that deliver superior value to our shareholders and investors.”
Mohamed Al-Hassan & Pankaj Gupta