Gulf Islamic Investments (GII) has added to its UK property portfolio with the acquisition of an office property in Birmingham for $188 million.
The Dubai-based asset manager’s latest purchase brings the value of its UK real estate investments up to $420 million.
The company claims that its UK investments have so far produced 8% annual returns for its investors.
GII has described its latest acquisition as a “high yielding commercial asset located in a strategic and liquid market” while describing Birmingham as the UK’s top location for start-ups and investment prospects outside of London.
“Despite the challenging times and the uncertainty surrounding Brexit, GII is immensely delighted to expand its investment portfolio in the UK through another high-quality income yielding asset for its clients,” said Pankaj Gupta, chief executive at GII.
“The transaction is perfectly aligned to the company’s investment strategy whilst reinforcing our capabilities in offering best in class opportunities,” he added.
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