UAE firm picks Paris to sign biggest ever real estate deal

Gulf Islamic Investments, a financial services firm that oversees nearly $2 billion, has made its largest-ever real estate deal by purchasing a commercial property in Paris as part of what it called rapid investments across Europe.

Based in the UAE, GII will pay 250 million euros ($301 million) for Altais Towers, comprising two buildings in eastern Paris, in its first acquisition in the French capital, according to a statement on Tuesday.

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