19 December 2024: Dubai, UAE – Gulf Islamic Investments group (GII) has sold its majority shareholding in GRID Properties to Mr. Shreen Gupta, GRID’s CEO and an existing minority shareholder in the business, in a management buy-out with the full support of GII’s Board and management.
A portfolio company of Gulf Islamic Investments (GII), a leading global alternative investment company with over $4.5 billion of assets under management, GRID Properties is an award-winning real estate solutions provider. Founded in 2018, its development portfolio exceeded $2.6 billion by 2024. GRID has an established presence in Dubai and London, partnering global brands such as Elie Saab and Marriott® Autograph.
With this management buyout, Shreen Gupta will take full control of the GRID Group. GII and GRID will continue to work together closely on existing and new developments, including flagship The Lucan development in Chelsea, London.
Pankaj Gupta and Mohammed Alhassan, co-Founders and co- CEOs at GII, said: “We warmly congratulate our friend Shreen on his buy-out, which leaves GRID in the hands of perhaps the person who knows it best of all – its long-time CEO. GII is proud of GRID’s success in developing its two boutique UK properties in London, plus its recent projects in Dubai, and looks forward to supporting GRID’s continued growth in the coming years”.