Rasmala launches five-year UK multifamily strategy

Middle Eastern investment manager - Rasmala Investment Bank Limited - launches a five-year UK multifamily strategy.

City of London skyline. Rasmala launches five-year UK multifamily strategy focusing on Build to Rent and serviced accommodation in and around London | BTR News
City of London skyline. Rasmala launches five-year UK multifamily strategy focusing on Build to Rent and serviced accommodation in and around London. Image credit: London_skyline.jpg: Marcus newsderivative work: IgnisFatuus, CC BY-SA 3.0 via Wikimedia Commons.

Leading alternative investment manager in the Middle East – Rasmala Investment Bank Limited – launches a five-year UK multifamily strategy. Exceeding USD $2bn in investment value, the strategy will create a portfolio of UK residential properties – initially focused on Build to Rent and serviced accommodation in and around London.

The strategy targets the UK multifamily market through a Shariah-compliant investment vehicle. It has been seeded by the Rasmala Group and has an active investment pipeline over the next 12 to 18 months.

“Our UK multifamily strategy builds on Rasmala’s track record of matching GCC investors with real estate opportunities in the UK. Our seed investment including RAL reflects our commitment to being the partner of choice in the UK living sector, beginning with the serviced apartment and Build to Rent sub-sectors.”

Eric Swats, CFA, Chief Executive Officer, Rasmala

The Rasmala UK multifamily strategy builds on the company’s real estate investment experience in the UK, Europe and North America.

In addition to two residential apartment blocks, the strategy benefits from a controlling stake in Red Apartments Limited (RAL) – an operator that manages almost 500 residential units in and around London.

“A new generation of renters are delaying moving onto the property ladder due to affordability concerns. We see considerable opportunity to grow our Build to Rent brand as a complement to our serviced apartment brand.” Dominic Sherry, Chief Executive Officer, RAL

Dominic Sherry, Chief Executive Officer, Red Apartments Limited

Established in 1999, Rasmala Investment Bank Limited is a leading alternative investment manager which invests directly and alongside Gulf-based institutional investors including banks, pension funds, endowments, family offices, corporations and government institutions. The company is based in the Dubai International Financial Centre, and is a wholly owned subsidiary of the Rasmala Group.