UAE company acquires USD60.4m commercial building in Scotlan...| MENAFN.COM

Sunday, 03 July 2022 01:59 GMT

UAE company acquires USD60.4m commercial building in Scotland


(MENAFN) A commercial building in Scotland has been purchased for a worth of $60.4 million by Gulf Islamic Investments (GII).

The acquisition follows a deal that was revealed a month ago for roughly a 1 million square feet of logistics centres in Germany for Amazon at a valued of $144 million.

"We are delighted as GII continues to grow its portfolio in UK after it last acquisition in 2015," CEO and co-founder Mohammed Al-Hassan declared.

He continued "this transaction highlights the commitment to invest in modern and well-let assets to strong covenants, such as Total where they have operated historically for over 50 years."

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