Twitter LinkedIn
    Monday, June 5
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Investments»Paris Towers Fetch $301 Million as Gulf Firm Bets Big on Europe
    Investments

    Paris Towers Fetch $301 Million as Gulf Firm Bets Big on Europe

    March 2, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Gulf Islamic Investments LLC, a financial services firm that oversees nearly $2 billion, made its largest-ever real estate deal by purchasing a commercial property in Paris as part of what it called rapid investments across Europe.

    Based in the United Arab Emirates, GII will pay 250 million euros ($301 million) for Altais Towers, comprising two buildings in eastern Paris, in its first acquisition in the French capital, according to a statement on Tuesday. The purchase from a consortium including funds overseen by Oaktree Capital Management LP brings GII’s total investments in Europe to almost $800 million.

    Although the coronavirus outbreak sent investment in European real estate plunging after the first wave of infections, the transaction highlights the appeal of the French capital’s properties despite the health crisis.

    Read more at Bloomberg

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    2021 Acquisitions deals and transactions Investments PE Insider Private Equity
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Private equity firms Apollo and KKR among those reviewing Silicon Valley Bank loans

    March 16, 2023

    Euroclear moves into $9.8 trillion private asset market with Goji buy

    December 21, 2022

    CAI raises over $1B for inaugural fund and co-investment programme

    November 18, 2022

    KKR looking to sell Canadian gas producer Westbrick for $1.13B

    November 18, 2022

    Comments are closed.

    Other Articles

    AustralianSuper tips another $13b into private equity investments

    May 10, 2022

    FirstGroup sells US bus operations to EQT for £3.3bn

    April 23, 2021

    Hutchison China MediTech secured $100M equity investment by Baring Private Equity Asia

    April 8, 2021

    Birkenstock sold to LVMH-backed group in €4bn deal

    March 6, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2023 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.


    Lost password?