The European Islamic Investment Bank (EIIB) has announced the launch of a Sharia-compliant fund that will directly purchase office, retail and industrial real estate in and around major cities across Europe. EIIB appointed Knight Frank Investment Management as the fund advisor with responsibility for sourcing real estate deals and managing purchased properties.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
