Gulf Islamic Investments and Capital Bay form JV

The Capital Bay Group (CB), a fully integrated international investment and asset manager based in Germany, and GulfIslamic Investments (GII), a Shari’ah-compliant global financial management firm based in the United Arab Emirates, have announced a joint venture to setup a platform for Shari’ah-compliant investments in European senior living real estate opportunities with a core-plus and value-add focus. The Luxembourg-regulated platform will launch in September this year with an initial €500 million ($590 million) offering focused on real estate investments, predominantly in income-producing and growth properties located in Germany and potentially in other continental European markets.

Mohammed Alhassan, founding partner and co-CEO of GII, commented, “This joint venture is an example of excellent cross-border synergies where GII’s significant capabilities join forces with the knowledge and experience of Capital Bay. The development of attractive investment opport