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GI Properties launches $5M Fund for residential real estate projects in New York.

New York, New York - 09 December 2018

GI today announced that its real estate investment and property developing arm, GI Properties Group is launching a $5M residential development private fund. The fund will focus on developing residential properties across New York City, Queens and Long Island.

Funded with in-house commitments from GI, the initial $5M fund will focus on developing residential real estate in the world’s financial capital, New York. The fund is expected to be closed by Q2 2019. “This is our first step forward in New York and a very strategic entry into North American real estate market. We’re well positioned to develop sustainable real estate projects with our development partners in New York”, said Mr. Iqbal, Founder & CEO of GI.

More information about GI’s new investments can be found on GI Properties Group website

About GI
GI is one of the world’s fastest growing private investment firms. Our group companies serve customers every day across aviation, real estate, manufacturing, healthcare, power, infrastructure, and software services with active presence in 5 countries. We seek to invest in and operate businesses that create positive long-term economic and social impact for the people and communities we serve.