News - Mortgages
Mortgage Solutions | 22 May 2007 | 09:12
The Arab Banking Corporation’s UK subsidiary, ABCIB Islamic Asset Management Limited (IAM), Kuwait-based GSH (Global Securities House) and the Broe Companies of the USA have announced the launch of The Bronco Fund, a value add Shariah-compliant real estate fund.
Derek Weist, acting CEO of IAM, commented: “Following the recent successful sale of the Al Bait UK Real Estate Fund, IAM is delighted to join forces again with GSH in this exciting new venture with the Broe Companies. The US market at this time offers significant potential for those who are able to identify, assess and swiftly complete acquisitions of underperforming real estate with potential for value enhancement.”
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