The UAE-based Gulf Islamic Investments (GII), a Shariah-compliant global financial services firm, provided that it has owned residential development in London’s premium West End.
The property, sitting above Hyde Park, denotes GII’s second property improvement venture in the UK and takes the total estimation of GII’s investments in the UK property development area to roughly GBP 250 million ($344 million).
The acquisition is steady with GII’s focus on securing top-notch real estate assets in developed markets, GII said in a statement. It didn’t specify an incentive for the acquisition.
GII has almost $2 billion of resources under administration and is regulated by the Securities and Commodities Authority (SCA).