E - PAPER
CURRENT MONTH
LAST MONTH
Gulf Islamic Investments to Set up $590mln Platform in German JV
UAE-based shariah-compliant financial services firm, Gulf Islamic Investments (GII) and German asset manager Capital Bay Group on Monday announced a joint venture to set up an investment platform with an initial EUR500 million ($590 million) offering.
BY
Realty Plus
Published - Tuesday, 31 Aug, 2021
UAE-based shariah-compliant financial services firm, Gulf Islamic Investments (GII) and German asset manager Capital Bay Group on Monday announced a joint venture to set up an investment platform with an initial EUR500 million ($590 million) offering.
The Luxembourg-regulated platform for shariah-compliant investments will launch in September this year and will be focused on European senior living real estate opportunities, the companies said in a statement. The platform’s debut offering is slated for a first closing in Q4 2021, funded by both debt and equity. Capital Bay, with assets under management (AUM) of over $7 billion and GII, with an AUM of over $2 billion, will be jointly responsible for all aspects of the platform--including the investment strategy, portfolio, and asset management.
RELATED STORY VIEW MORE
Nigeria Shows Widening Transparency Gap in Real Estate
Singapore Private Home Rents Set To Climb By 10-15%
Saudi Arabia’s Ambitious Projects from World’s Largest Airport to Skyscraper
NEWS LETTER
Subscribe for our news letter
E - PAPER
-
CURRENT MONTH
LAST MONTH
REALTY+ SPECIAL ISSUES
Test Magazine
THE TECH TITANS 2022
COFFEE TABLE BOOK 2022
Anniversary Issue 2022
Anniversary Issue 2020
VIDEO GALLERY VIEW MORE
