Dubai EIIB Rasmala expands real estate investments and acquired property in UK for $18 million

EIIB - Rasmala, a Dubai-based investment bank and asset manager, announced the expansion of its international real estate investments, and announced the acquisition of a commercial office building in the UK for $18 million.

The real estate division will focus on identifying real estate investment opportunities in the UK, Europe and the United States. The Group expects to invest approximately $1.5 billion in a broad mix of real estate transactions over the next 3 years. (EIIB-Rasmala was formed in 2012, when the London-listed European Islamic Investment Bank (EIIB) acquired stake in the Dubai-based Rasmala Holdings.

Rasmala is listed in the Middle East Investors Directory with the code OR48.

More details follows