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Gulf Islamic and Capital Bay Team Up to Invest €500 Million in Nursing Homes

The joint venture expects to invest that amount before the beginning of 2022 in a series of value-add and core-plus funds.

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Gulf Islamic Investments and Capital Bay announced that they would create a new joint venture. The two companies will jointly invest €500 million in European retirement homes.

Capital Bay manages more than $7 billion in assets and Gulf Islamic Investments more than $2 billion. They expect to finalise the first €500 million investment before the end of the year. The transactions are likely to involve equity and debt, seeking above-average returns.

The deal was closed on August 23, although it was only made public this week. The merger involves the creation of several value-add and core-plus funds.

Read the full article in Spanish


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