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REAL ESTATE PORTFOLIO UP $900m

Gulf Islamic Investments exits Amazon's key German property

DUBAI, December 5, 2019

Gulf Islamic Investments (GII) today (December 5) announced an early exit of transaction worth $155 million of its 1 million sq ft of Amazon logistics centres in Dortmund, Germany on behalf of its investors.

A leading UAE-based Islamic financial services company, GII said the strategic exit from Amazon Logistic Center led to the distribution of total returns of 30 per cent in two years.

The company has a major presence in the GCC region in the fields of real estate, private equity, venture capital and infrastructure.

Under the leadership of a committed group of prominent shareholders and investors, GII’s team enjoys a track record of managing $2.5 billion in assets and securing $5.5 billion in debt.

Co-founder and CEO (Gulf) Mohammed Al Hassan said: "We are proud that GII has delivered outstanding performance that has created value and exited portfolios, paving the way for more real estate- income producing opportunities. Our real estate portfolio has reached $900 million and next year we target to touch $1.5 billion in similar deals in US and Europe."

GII said its total assets under management (AUM) has surged to $1.4 billion and it is now targeting to hit $2 billion next year.

Co-founder and CEO (UAE region) Pankaj Gupta pointed out that the exit was an endorsement of GII's strategy to invest in high quality long-income assets in developed markets.

"This is one of the top IRR achieved in income generating real estate assets in recent past and reflects on the capabilities of GII Team in providing complete Sharia compliant investment solution to its valuable client base," he added.-TradeArabia News Service




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