IslamicFinance.de

Gulf Islamic Investments (GII) has announced the acquisition of 140 & 150 Grand Street Plaza, an office building in White Plains, Westchester County, New York, USA on behalf of its investors. Located just 30 minutes away from Manhattan, the Class A office building seats within the urban center of White Plains. The Property is strategically located within one block of the Federal, Supreme, District and County courthouses making it the preferred destination for government-affiliated and law-related tenants. GII is a UAE-based financial services company regulated by the Emirates Securities and Commodities Authority (ESCA). GII was advised by a cross border Orrick team led by Düsseldorf-based M&A and private equity partner Oliver Duys.

Gulf Islamic Investments (GII) has acquired a property in New York, which brings the firm’s US portfolio to more than $230 million. The property is an office building in White Plains, Westchester County, with a leasable area of 220,000 square feet, and is currently over 90% occupied by more than 30 tenants. It is also strategically located, as it’s close to the Federal, Supreme, District and Country courthouses in New York. According to CEO Pankaj Gupta, the global economy continues to signal a low-interest rate regime for the foreseeable future, hence, GII sees that such long income assets can deliver high single-digit returns. He added that GII was exploring such opportunities in Paris real estate market as well, with the view of taking advantage of the impact of Brexit.

Gulf Islamic Investments (GII) successfully completed a Shari’ah compliant growth capital financing round for transportation company Bion Group. The UAE-based Group provides both heavy haul transportation services and the manufacturing of heavy transport equipment. Pankaj Gupta, Co-Founder and Co-CEO of Gulf Islamic Investments, said this partnership was an excellent opportunity for Bion Group to take advantage of the uptrends in the ever-increasing construction sector. Noas Al Rawi, CEO of Bion Group, said that with GII's assistance Bion will improve its services portfolio and increase production capacity. He added that Bion will target the refrigerated transportation sector and further consolidate its position in the country’s construction sector.

Gulf Islamic Investments (GII), a UAE based Islamic financial services company, announced the closing of US.$145 million fund raising for Apttus, a Silicon valley based software company. The funds will be used to complete the Quote-to-Cash customer process and the Procure-to-Pay supplier process. This is the fourth company out of Silicon Valley for which GII has raised funds for in the last 2 years, bringing the total amount raised to $350 million. GII further confirms a continuing partnership with Apttus to lend strong support to the company’s business development and market penetration in the GCC region. According to GII Founding Partner, Mohammed Alhassan, Apttus provides a golden opportunity at the level of business model and also in terms of achieving satisfying returns.