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Set up by the Kingdom of Bahrain, the sharia-compliant Gulf Atlantic Real Estate II fund is a sign that investors in the region are prepared to take advantage of the UK property market, according to Property Week.
The fund will be managed by GFH head of real estate fund management Nick Judd, along with former director Knight Frank who be providing strategic advice.
Mr Judd said that the UK property market is currently a good place to do business.
He commented: "UK commercial property is the market of choice for many international investors who regard it as relatively low risk, transparent and liquid compared to many other markets."
It was recently reported that the total value of property in the UK has fallen by £300 billion since the end of 2007.
