Arab Investments Limited, advised by Savills, has acquired EUR 300 mln of German-based properties as part of its drive to build a EUR 500 mln portfolio for the shariah compliant fund. The UK property company has invested in 12 properties, and has a further EUR 250 mln under offer. The portfolio comprises retail and office properties, Savills said. The vendors were well-known German developers Bauwert, OFB and Zublin in Gera and Berlin.
Arab Investments Limited, advised by Savills, has acquired EUR 300 mln of German-based properties as part of its drive to build a EUR 500 mln portfolio for the shariah compliant fund. The UK property company has invested in 12 properties, and has a further EUR 250 mln under offer. The portfolio comprises retail and office properties, Savills said. The vendors were well-known German developers Bauwert, OFB and Zublin in Gera and Berlin.
Lars Breuer, managing director of Savills Germany, said: 'Arab investments Ltd has a total EUR 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.' Arab Investments Ltd is an investment company, which offers clients access to shariah compliant financial investments, and is at present the only such fund trading in Germany.
