Dubai-based alternative asset manager Rasmala has unveiled a US$2 billion real estate strategy focused on the residential market in the UK.
The firm’s aim is to create a five-year UK multifamily strategy based on a portfolio of residential properties worth more than $2 billion in value.
The strategy has been seeded by Rasmala and has a 12-18 month active investment pipeline, according to the firm.
Rasmala also has a controlling stake in Red Apartments Limited, a property operator managing close to 500 London-based residential unit.
RAL Chief Executive Officer Dominic Sherry said: “A new generation of renters are delaying moving onto the property ladder due to affordability concerns. We see considerable opportunity to grow our build-to-rent brand as a complement to our serviced apartment brand.”
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