Dubai investment bank Rasmala launches $2bn UK property strategy
Dubai-based Rasmala Investment Bank has launched a $2 billion, five-year strategy to create a portfolio of residential properties in the UK to cater to growing interest from GCC investors.
The strategy targets the UK multifamily market through a Sharia-compliant investment vehicle, with an initial focus on the serviced apartment and build-to-rent subsectors in and around London, Rasmala said on Tuesday.
It has been seeded by the Rasmala Group and has an active investment pipeline over the next 12 to 18 months.
“Our UK multifamily strategy builds on Rasmala’s track record of matching GCC investors with real estate opportunities in the UK,” said Eric Swats, chief executive at Rasmala.
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