IslamicFinance.de

European Islamic Investment Bank plc (EIIB-Rasmala) has announced the expansion of its real estate business. Simultaneously, the Group has also announced the acquisition of a commercial office building for GBP 11.8 million ($17.9 million, AED 65.9 million), located on the Doxford International Business Park. The real estate division will focus on identifying high quality, income generating opportunities in the UK, Europe and the United States. The primary focus will be on the UK. The Group expects to invest approximately $1.5 billion in a broad mix of real estate transactions over the next three years, with $750 million being allocated for investments in the UK.