Kuwaiti investment firm enlarges UK property empire

Kuwait-based investment firm Global Investment House has acquired an office, car park and retail area in Sheffield.

The transaction is part of a scheme in partnership with UK-based Greenridge Investment Management to buy up UK commercial property outside central London.

“In the fifteen months since the launch of the programme, properties have been acquired with a current value exceeding £250 million ($313 million),” said a statement from the company.

The office space in newly acquired Hartshead House is rented to the UK government and retail tenants include consumer retailer Argos.

“We have built a strong partnership with Greenridge, a good track record of fulfilling asset management initiatives and have distributed in excess of our targets,” said Nasser Al-Khaled, senior vice president of real estate asset management at Global Investment House.

©2017 funds global mena

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