Dubai's Rasmala Investment Bank Expands UK Portfolio with $63 Million London Acquisitions

Dubai's Rasmala Investment Bank Expands UK Portfolio with $63 Million London Acquisitions

By Staff Writer, 23 October 2023

Dubai-based Rasmala Investment Bank has successfully wrapped up a significant acquisition in the bustling real estate market of London.

The investment bank has secured residential assets in the British capital, amounting to a total of $63 million.

Among the newly acquired properties is the prestigious boutique development known as 116-118 Chancery Lane, boasting 14 luxurious apartments.

Additionally, Rasmala has added a 79-apartment block, Hamilton House, located in Hemel Hempstead, to its growing portfolio.

These acquisitions have become valuable additions to Rasmala's UK Multifamily Fund's collection, with a primary emphasis on London's thriving serviced apartment and built-to-rent subsectors.

Commenting on the successful acquisition, Dominic Sherry, the CEO of Viridian Apartments, in which Rasmala holds a strategic stake, mentioned, "Both assets are situated in excellent locations, complement and represent the brands extremely well."

Viridian Apartments is responsible for the management of nearly 500 residential units in and around London.

Rasmala's ambitious real estate ventures are not limited to this accomplishment.

The investment bank is actively collaborating with developers to further expand its residential portfolio in the vibrant London real estate market, as revealed by Haroon Ahmad, the CEO of Rasmala.

Rasmala Investment Bank operates as a wholly owned subsidiary of the alternative investment manager Rasmala Group.

The group specializes in direct investments and collaborates with Gulf-based institutional investors, including banks, pension funds, endowments, family offices, corporations, and government institutions, to shape the future of the real estate market in London and beyond.

Cleofe Maceda / Zawya

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