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Rasmala Investment Bank launches serviced apartment, BTR strategy in the U.K.
Investors - MAY 3, 2023

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Rasmala Investment Bank launches serviced apartment, BTR strategy in the U.K.

by Kali Persall

Rasmala Investment Bank, an alternative investment manager in the Middle East, has launched a five-year multifamily strategy to create a portfolio of residential properties in the United Kingdom, exceeding $2 billion in investment value.

The strategy accesses the U.K. multifamily market through a Shariah-compliant investment vehicle, which will initially focus on the serviced apartment and build-to-rent (BTR) subsectors in and around London.

It has been seeded by the Rasmala Group and has an active investment pipeline for the next 12-18 months. In addition to two residential apartment blocks, the strategy benefits from a controlling stake in Red Apartments, an operator managing nearly 500 residential units in and around London.

“Our UK multifamily strategy builds on Rasmala's track record of matching GCC investors with real estate opportunities in the U.K.,” said Eric Swats, CFA, CEO at Rasmala. “Our seed investment including RAL reflects our commitment to

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