Global asia real estate fund concludes landmark deal in india

Global Investment House “Global” announced today the conclusion of its latest investment in India, as part of its Asia Real Estate Fund investment strategy, making it the second investment for the fund. Last week, the fund finalized the purchase of a distressed shopping mall in Shangdong Province, China. The total value of the investment is USD8.8 million. Mr. Sameer A. Al-Gharaballi, Executive Vice President at Global, said that this investment provides the fund an excellent opportunity to invest in the financial capital of India, Mumbai. The fund has acquired a 10,377 sqm land site in a prime location within Navi Mumbai with the objective of developing the site into a first class international business hotel.