News

GII targets senior living real estate in JV

PensionersGulf Islamic Investments (GII), the UAE-based, sharia-compliant investment firm has teamed up with German asset manager Capital Bay Group to set up a real estate investment platform in Europe. The joint venture will focus on the senior living real estate market in continental Europe with a particular emphasis on properties in Germany. The platform will be regulated in Luxembourg and is set to launch in September with an initial €500 million offering. “The development of attractive investment opportunities in the European senior living real estate market, enables our Mena-based investors to participate in this highly desirable asset class which would otherwise be difficult to access from the region,” said Mohammed Alhassan, founding partner and co-chief executive of GII. The firm has focused on the European market extensively in the last year having expanded its UK property portfolio in April and also signing a $300 million property deal in Paris in March. ©2021 funds global mena

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