Gulf Islamic Investment buys US office development in $100m deal – ArabianBusiness.com

Gulf Islamic Investment buys US office development in $100m deal – ArabianBusiness.com

Gulf Islamic Investment has bought an office development in the US for around $100 million.

The acquisition of the Glen Forest Office Portfolio, in Richmond, Virginia, brings the total value of the Shari’ah-compliant global financial services firm’s US assets under management to $3 billion.

The Portfolio consists of 11 buildings situated on an 85-acre campus. Spanning 567,000 square feet, it includes eight Class A office buildings, one medical office building, and two Class B office buildings.