The property is located in Celtic Springs Business Park in Newport, Cardiff, and are entirely let to Airbus Defense and Space, a division of Airbus Group. Rasmala and GII have plans to acquire real estate assets in the UK, Europe and United States in 2016.
Rasmala is listed in the Middle East Investors Directory with the code OR48.
More details follows
Rasmala (‘Rasmala’ or ‘the Group’), the independent investment management group, today announced that it acquired Celtic Springs Business Park in partnership with Gulf Islamic Investments (GII), the UAE-based Islamic financial services company, and other investors. The campus is located in Newport, 12 miles northeast of Cardiff, and includes three Grade A office buildings and covers a total area of 153,323 sq. ft. (14,244 sqm). The properties are entirely let to Airbus Defence and Space, a division of Airbus Group.
Rasmala’s origination and structuring teams worked in close collaboration with the placement team at GII to close the transaction. The campus, including an additional plot of development land, was acquired for approximately GBP30 million. Part of the acquisition price is expected be financed through a Shari’a compliant facility.
Rasmala and GII have plans to acquire real estate assets in the UK, Europe and United States in 2016.
Established in 1999, Rasmala PLC (Rasmala) is a London-headquartered independent investment manager. Rasmala provides investment management solutions to pension funds, family groups, corporations and government institutions. Rasmala is listed on the AIM market of the London Stock Exchange and is authorised and regulated by the Financial Conduct Authority (“FCA”).
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