Topic: General News - Publication: PropertyMall.com
First of 500m Euro German Deals - Closed
Arab investments Ltd, advised by Savills, has acquired €300 million German-based properties as part of its drive to build a €500 million portfolio for the sharia compliant fund.
The UK property company has invested in a total of 12 properties, and has a further €240 million under offer. It has acquired a portfolio of retail and office properties based in different strategic locations from well known German developers Bauwert, OFB and Züblin in Gera and Berlin. Lars Breuer, managing director of Savills Germany, says:
"Arab investments Ltd has a total €700 million to invest in property in Germany, with a particular focus on office and retail opportunities. It has considered both existing properties as well as forward funding commitments as part of its strategy to secure substantial returns for its investors."
Savills is retained by Arab Investments Ltd to advise on its ongoing property acquisition strategy in Germany. It is an investment company, which offers clients access to sharia compliant financial investments, and is at present the only fund trading as such in Germany.