August 31, 2021

Gulf Islamic Investments, Capital Bay in 500m euro real estate deal

categories : islamic finance

Gulf Islamic Investments joins forces with Germany's Capital Bay to launch a EUR 500 Million real estate platform The platform is aimed at senior living properties in Germany and Europe.

Dubai: Gulf Islamic Investments went into a joint-venture agreement with Germany-based Capital Bay to launch a EUR 500 Million senior living real estate investment platform in Europe, the companies said in a statement on Monday.

The Luxembourg-regulated platform will launch in September 2021 and marks GII's first Europe-focused Shari’ah compliant platform for real estate investments, targeting senior living properties in Germany and Europe.

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