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."


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.