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Rasmala delivers robotics-enabled logistics facility in Netherlands

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Distribution centre pre-leased for 15 years to a global outdoor fashion brand

 

Dubai, UAE – Rasmala Investment Bank Limited (“Rasmala”), one of the leading Dubai-based alternative investment managers, announces the successful completion of its ground-up investment in a cutting-edge logistics facility in Almelo, Netherlands.

Built over 15 months, the project delivers a large, robotics-enabled distribution centre, built-to-suit, for a global outdoor fashion brand. This is Rasmala’s third investment in the Netherlands, expanding Rasmala’s European logistics portfolio with a de-risked, income-generating asset. The project demonstrates Rasmala’s capabilities to actively create value in cross-border investments.

“Delivering bespoke structures that help our clients achieve their investment objectives has been a key guiding principle of Rasmala for 25 years. This is a high-quality asset that benefits from a long-term, inflation-protected lease with a reputable tenant, offering a stable return, coupled with capital preservation,” said Ali Taqi, Rasmala’s Deputy CEO.

Project Highlights:

  • Asset Value: €38M+ prime logistics facility
  • Size: 312,000 sq. ft. with 25m height
  • Lease: 15-year term for a NYSE-listed global tenant, CPI-indexed rent
  • Location: XL Business Park, Almelo, a key European logistics corridor

The facility comprises a warehouse, an office, and a mezzanine area, with a total of 118 parking spaces. With advanced automation capabilities, the building achieved BREEAM Very Good certification and serves as a strategic EMEA distribution hub for its global tenant. The property is beside another Rasmala-managed warehouse leased to the same tenant.

Rasmala co-developed the site with GARBE Industrial Real Estate Netherlands from project inception, alongside the main contractor, Systabo. The team successfully navigated the complex cross-border structuring, regulatory, and development risks, actively managing the development process to ensure the timely delivery of a tailor-made facility that meets the sophisticated requirements of modern logistics.

The successful completion reinforces Rasmala’s unique capability among regional asset managers in originating and developing greenfield real estate investments in some of the most desirable European investment destinations.

About Rasmala: Operating from Dubai with global reach, Rasmala is an independent provider and manager of alternative investment products, serving Gulf-based investors, including pension funds, family offices, corporates, endowments, and financial institutions. Rasmala Investment Bank Limited is a wholly owned subsidiary of Rasmala Investment Holdings Limited. It is based in the Dubai International Financial Centre (“DIFC”) and regulated by the Dubai Financial Services Authority (“DFSA”).  

Media Contact

Tim Hydari

Senior Executive, Branding and Investor Communications

+971 56 406 6180

tim.hydari@rasmala.com

Can New UK Government Initiatives Address the Chronic Housing Shortage?

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Key Initiatives Include National Housing Bank, Social and Affordable Homes Program, Planning and Infrastructure Bill 

 

Important: Rasmala Investment Bank Limited is regulated by the DFSA. This communication is for professional clients (DFSA) only and for informational purposes only. It does not constitute investment advice or an offer to buy or sell any security. It is not for retail distribution. Past performance is not indicative of future results. Investments carry risk, and values may fluctuate, falling as well as rising.

 

The UK housing market may present potential long-term investment opportunities due to a chronic undersupply of housing, which may underpin both income and capital values for investors. However, accessing attractively priced properties, particularly through greenfield and brownfield development, is hindered by government regulations and escalating construction costs, especially in regeneration areas. 

The UK Housing Crisis: A Deep-Rooted Imbalance 

The UK housing market faces a longstanding supply-demand imbalance with significant socio-economic consequences. The UK has a backlog of 4.3 million homes that accumulated between 1955 and 2015, a substantial deficit compared to the average European country.  

Despite efforts by agencies like Homes England, which reported 38,308 housing starts and 36,872 completions in 2024–25 and exceeded its internal targets for two consecutive years, broader national housing goals remain out of reach. This indicates a long-term, structural challenge rather than a temporary issue for investors.  

Affordability is a growing concern, particularly for renters. As of April 2025, private renters in England spent approximately 29.6% of their income on housing. While rising earnings have modestly improved affordability for buyers, rental costs continue to soar, especially in cities, pushing more households toward social housing. This divergence highlights growing pressure on the rental market and points to strong fundamentals in the Build-to-Rent and Single-Family Housing sectors, which may offer stable, inflation-linked returns and are less exposed to regulatory constraints affecting high-rise sales developments.  

Government Interventions: A Multi-Pronged Approach 

The UK government has launched a series of significant initiatives in 2025 to tackle the housing crisis, combining direct financial intervention, long-term funding certainty for affordable housing, and comprehensive planning reforms. These interventions aim to improve the investment environment by providing additional funding and streamlining processes.  

  • The National Housing Bank (NHB): A New Financial Lever 

Launched in June 2025, the National Housing Bank (NHB) is a crucial component of the government’s housing strategy. Backed by £16 billion in new public capital and £6 billion in existing funds, the NHB aims to deliver over 500,000 homes by partnering with the private sector and providing financial certainty to investors. This public support is expected to unlock up to £53 billion in private investment.  

Operating as a government-backed arm of Homes England, the NHB has the authority to issue guarantees and deploy capital directly. To reduce risk for private investors, it offers a full suite of financial tools, including equity, debt, and guarantees. Specifically, £2.5 billion will support affordable housing through low-interest loans, and SMEs will benefit from revolving credit and expanded partnerships with lenders. For investors, the NHB may offer co-investment opportunities in previously unviable projects, especially those involving regeneration, infrastructure, or SME builders. By absorbing early-stage risk, the NHB lowers barriers for private capital and creates new entry points into complex developments. However, investors should conduct thorough due diligence to understand how NHB-backed projects, which may benefit from subsidies or guarantees, could alter normal pricing dynamics and affect returns and market value.  

  • The Social and Affordable Homes Programme (SAHP): Long-Term Certainty 

 Published in July 2025, the £39 billion Social and Affordable Homes Programme (SAHP) aims to deliver 300,000 new affordable homes over 10 years, a scale twice that of its predecessor. At least 60% (180,000 homes) will be for social rent. From April 2026, social housing rents will be capped at the Consumer Price Index (CPI) plus 1% for a period of at least 5 years, providing long-term clarity for planning and reinvestment.  

The SAHP also reforms the Right to Buy scheme, extending tenant qualification periods, adjusting discounts, and exempting new social homes from sale for 35 years. It also aims to rebuild public sector delivery capacity by strengthening local authority borrowing, regulation, and partnerships. This 10-year funding and rent framework may offer investors a rare level of predictability, potentially reducing uncertainty and strengthening the appeal of affordable housing as a potentially stable, inflation-linked investment. A renewed focus on council-led housebuilding may open the door to more joint ventures between local authorities and private firms, potentially offering new opportunities for developers and investors with relevant delivery expertise.  

  • Planning and Infrastructure Bill: Streamlining Development

Introduced in March 2025, the Planning and Infrastructure Bill aims to streamline homebuilding and infrastructure delivery as part of the government’s target to build 1.5 million homes by 2029. Key reforms include reinstating mandatory housing targets (from December 2024), allowing development on ‘grey belt’ land (lower-quality green belt areas), simplifying regulations, reforming compulsory purchase processes, and enabling strategic, cross-boundary planning. While development on ‘grey belt’ land increases theoretical supply, it doesn’t eliminate local opposition. Investors may consider prioritising regions where local authorities support development and where strong community engagement strategies are in place to mitigate potential delays from community resistance.  

The Reality on the Ground: Persistent Delays and Their Impact 

Despite ambitious policy frameworks and significant financial commitments, the practical implementation of housing development in the UK is severely hampered by persistent and systemic delays. These bottlenecks, particularly those associated with the Building Safety Act (BSA) Gateway 2 approvals and the broader planning system, create considerable friction and risk for developers and investors.  

Building Safety Act (BSA) Gateway 2 Delays 

Gateway 2, introduced under the 2022 Building Safety Act, requires approval before construction begins on Higher-Risk Buildings (HRBs), typically high-rise residential projects. Developers must submit complete plans and safety documentation to the Building Safety Regulator (BSR), but the process has become a significant constraint. Delays persist primarily due to the complexity of new regulatory requirements and a high rate of defective applications. Applications are taking between 25 and 40 weeks, with some projects experiencing delays approaching 18 months, straining contractor pricing models and disrupting cash flow. This regulatory uncertainty has prompted many developers to scale back or avoid high-rise projects, reducing the pipeline where urban density is most needed. Even with NHB and SAHP financial backing, Gateway 2 remains a critical bottleneck, limiting housing delivery speed and scope. The main issue is that developers often fail to demonstrate compliance adequately, submitting plans that show what work will be done rather than proving how building regulations will be met. However, the BSR is working to provide more explicit guidance and advisory services.  

Planning System Delays 

Beyond the Building Safety Act, the broader planning system continues to present substantial obstacles. Applications that should theoretically take 8-12 weeks routinely stretch to nearly a year, creating cascading delays. Local resistance, or NIMBYism, compounds these procedural delays, even on land designated for development like ‘grey belt’ areas. This opposition can derail projects that have already navigated complex regulatory hurdles, creating additional uncertainty for investors and developers. The cumulative effect has been a sharp decline in housing starts as developers become increasingly reluctant to commit capital to projects with unpredictable timelines. For investors, this uncertainty may translate directly into extended risk exposure and compressed returns, often deterring capital deployment entirely.  

Investment Implications: Navigating Delays and Opportunities 

The confluence of ambitious government housing initiatives and persistent development delays creates a unique landscape for real estate investment. Understanding these dynamics is crucial for identifying strategic opportunities while mitigating execution risks. While government capital is increasingly abundant, delivery remains constrained by regulatory bottlenecks, making execution risk the central investment consideration.  

Strategic Opportunities 

  • Target low-regulation segments: With high-rise projects facing severe regulatory delays, investor focus is shifting toward Single-Family Housing (SFH) and certain Build-to-Rent (BtR) models, which may offer faster delivery timelines, stable demand, and minimal exposure to Gateway 2 constraints. 
  • Leverage long-term certainty in affordable housing: The SAHP’s 10-year funding framework and rent stability may provide predictable, inflation-linked income streams, particularly attractive for long-term and ESG-focused capital seeking stable returns. 
  • Invest in delivery solutions: Strategies that compress timelines or ease regulatory compliance, such as modular construction, planning technology, or regulatory advisory services, may unlock significant value by accelerating bottlenecked projects. 
  • Co-invest in de-risked developments: Through NHB support, investors can potentially gain access to regeneration and infrastructure-heavy projects previously deemed too risky. Government backing may improve project viability and absorb early-stage risk, potentially making even Gateway 2-affected developments viable through shared risk structures.

 

Conclusion: A Shift in Investment Strategy 

The UK housing sector presents both significant challenges and potentially compelling opportunities. While planning and regulatory delays are expected to persist in the near term, the traditional “DIY” approach to investing in the UK residential property market is no longer viable for overseas investors. Even traditional Buy-to-Let investors are leaving the market. To navigate this complex landscape and access potentially attractive investment opportunities, one approach may be to partner with institutional investors who understand the market, possess on-the-ground expertise to navigate the regulatory environment, and can access potentially attractive investment opportunities. By targeting appropriate segments, structuring partnerships strategically, and planning for extended timelines, investors may access stable, long-term returns that align with both financial objectives and social impact goals.  

Important Note: This analysis is intended for professional investors. Past performance is not indicative of future results, and all investments carry risk.  

References 

 

What really drives long-term success?

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🎥 What really drives long-term success? 🎥

Some say it’s strategy. Others say it’s timing, talent, or even luck.
At Rasmala, 25 years of investing across markets and cycles have taught us that true success doesn’t come from just one thing, but from a combination of enduring principles, decisive leadership, and trusted relationships.
In the first video of our new series exploring the moments and mindsets that shaped us, we ask:

👉 What has been critical to Rasmala’s success?

It’s a short watch but it says a lot about what’s kept us going and what still drives us today.

Rasmala Commitments to Real Estate and Private Equity Funds Cross USD 500 Million in 2025

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Leading regional investment manager aims to capitalise on opportunities in alternatives markets

 

28 May 2025, Dubai, UAE – Rasmala Investment Bank Limited (“Rasmala”) continues its successful start to the year by increasing its clients’ commitments to international real estate and private equity funds, now exceeding USD 500 million. This allocation targets opportunities in private markets, primarily in the USA, with additional allocations to Europe and the MENA region.

Answering the demand of regional investors to diversify sources of income and capital growth, Rasmala has positioned itself as a leading gateway for international investments in partnership with top-tier investment managers. “This outsized increase of capital commitments to international private markets demonstrates investor confidence in our execution capabilities outside of our home market,” said Ali Taqi, CFA, newly appointed Deputy CEO of Rasmala. “In an increasingly challenging regulatory environment, effectively deploying capital across borders has become as important as selecting the right investment strategies.”

Whilst most commitments were made to open-ended and closed-ended real estate funds, allocation to private equity funds was also significant, demonstrating investor appetite to deploy capital in strategies that can generate superior returns over extended investment horizons.

Capital commitments were executed through a Rasmala Shariah feeder solution, which allows Shariah-compliant investors to deploy capital in international markets and access institutional-quality investment strategies while complementing the firm’s in-house investment management capabilities.

– END –

About Rasmala: Rasmala is an independent provider and manager of alternative and Shariah-compliant investment products serving Gulf-based investors, including pension funds, family offices, corporates, endowments, and financial institutions.

Rasmala Investment Bank Limited is a wholly owned subsidiary of Rasmala Investment Holdings (DIFC) Limited, based in the Dubai International Financial Centre (“DIFC”). It is regulated by the Dubai Financial Services Authority (“DFSA”). Rasmala products or services are only made available to customers who Rasmala is satisfied meet the regulatory criteria to be a ”Professional Client” or “Market Counterparty”, as defined by the DFSA.

Rasmala Deploys USD 300M in High-Growth Sectors as Interest Rates Ease

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Building on 25 years of expertise, Rasmala continues to drive innovation and value for regional investors

6 February 2025, Dubai, UAE – Rasmala Investment Bank Limited (“Rasmala”), a leading provider of Shariah-compliant alternative investments, has entered 2025 with strong momentum, deploying nearly USD 300 million across global infrastructure, technology-driven private equity and real estate, focusing on logistics and net lease assets in Europe and the United States.

With the growing demand for investor capital from the GCC, Rasmala connects the region with strategic, high-quality global opportunities, reinforcing the UAE’s position as a leading financial hub. This is reflected by Rasmala’s 25-year track record of identifying income-generating assets aligned with macroeconomic trends and regional investor priorities.

“As interest rates ease and inflation remains a key consideration, Rasmala is leveraging its extensive partner network and deep market expertise to capitalise on investment opportunities for Gulf-based investors, deploying capital across strategic global sectors,” said Zak Hydari, Rasmala Group CEO. “A strong start to 2025 reaffirms our commitment to delivering innovative, Shariah-compliant investment solutions that combine resilience with growth. We continue to focus on high-quality real assets that provide stable, inflation-protected income and long-term value creation amid evolving global market conditions.”

Real estate, particularly logistics, net lease assets, and UK residential, remains a key focus area for Rasmala, offering stable, long-term cash flows backed by high-credit tenants and strong market fundamentals, including e-commerce growth and supply chain demand. In parallel, Rasmala continues to expand its presence in infrastructure and technology-driven private equity, targeting sectors that benefit from digitalisation, energy transition, and demographic shifts.

As Rasmala marks 25 years of investment excellence, the firm remains dedicated to unlocking value for investors through disciplined strategies, beneficial partnerships, and financial solutions with foresight. Due to a robust investment pipeline for 2025, Rasmala is well-positioned to capitalise on shifting market conditions and drive long-term growth in Shariah-compliant alternative investments, aligned with the UAE’s vision for economic diversification and sustainable financial sector growth.

 

Media Contact
For more information, please contact:
Tim Hydari
Senior Executive, Branding and Investor Communications
+971 56 406 6180
tim.hydari@rasmala.com

 

About the Rasmala Group

Rasmala is an independent provider and manager of alternative and Shariah-compliant investment products, serving Gulf-based investors, including pension funds, family offices, corporates, endowments, and financial institutions.

Rasmala Investment Bank Limited is a wholly owned subsidiary of Rasmala Investment Holdings Limited, based in the Dubai International Financial Centre. It is regulated by the Dubai Financial Services Authority.

Rasmala Expands UK Real Estate Portfolio Through Strategic Acquisitions

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Strategic Investments Reinforce Rasmala’s Focus on Inflation-Linked, Long-Term Income Assets

 

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24 October 2024: Rasmala, a leading alternative investment firm, announced the successful investments of three major assets in the UK. The acquisitions include the ASDA supermarket in Gillingham (Dorset), the Travelodge hotel in Kingston Upon Thames, and the Quora Retail Park in Doncaster, reinforcing its strategic focus on essential retail and long-income assets that can deliver stable, inflation-linked returns for investors.

  • The ASDA supermarket in Gillingham is an essential retail asset that integrates with the digital economy, offering ‘Click & Collect’ and ‘Home Delivery’ services to cater to the growing demand for convenient shopping experiences. This reflects Gulf investors’ increasing interest in stable, global assets that hedge against regional market fluctuations.
  • The Travelodge hotel in Kingston Upon Thames is leased on a long-term, inflation-linked agreement. The property also offers future potential for alternative uses, such as co-living or student accommodation, which enhances its long-term value.
  • Similarly, the Quora Retail Park in Doncaster, leased primarily to Aldi and B&M Retail, benefits from long-term, inflation-linked income, reflecting Rasmala’s combination of local expertise and global reach.

Rasmala’s acquisitions of these assets highlights its expertise in high-quality cross-border UK real estate investments, creating unique opportunities for investors in the Gulf to participate in high-yield investments. By securing these assets, Rasmala continues to build a diversified portfolio that delivers both income stability and growth potential.

“These strategic acquisitions are aligned with Rasmala’s long-term approach to investing in income-generating assets with the potential for significant long-term capital appreciation,” said Zak Hydari, Group CEO of Rasmala Holdings.

 

Contact

For more information, please contact:
Rasmala Media
+971 4 3635600
media@rasmala.com

 

About Rasmala

Rasmala is an independent provider and manager of alternative investment products, serving Gulf-based investors, including pension funds, family offices, corporates, endowments and financial institutions. 

Rasmala Investment Bank Limited is a wholly owned subsidiary of Rasmala Holdings, based in the Dubai International Financial Centre (“DIFC”). It is regulated by the Dubai Financial Services Authority (“DFSA”).For more information about Rasmala’s investment strategies and portfolio, visit www.Rasmala.com.

 

Important disclaimer

This note is prepared by Rasmala Investment Bank Limited (“RIBL”). RIBL is regulated by the Dubai Financial Services Authority (“DFSA”). RIBL products or services are only made available to customers who RIBL is satisfied meet the regulatory criteria to be a ” Professional Client”, as defined under the Rules and Regulations of the Dubai Financial Services Authority(“DFSA”).

Investment recommendations take into account both risk and expected return. We base our long-term fair value estimates on a fundamental analysis, after having taken perceived risks into consideration. We have conducted reasonable research to arrive at our investment recommendations and fair value estimates for a product mentioned in this presentation. Although the information in this presentation has been obtained from sources that RIBL believes to be reliable, we have not independently verified such information thus it may not be accurate or complete. RIBL does not represent or warrant, either expressly or impliedly, the accuracy or completeness of the information or opinions contained within this presentation and no liability whatsoever is accepted by RIBL or any other person for any loss howsoever arising, directly or indirectly, from any use of such information or opinions or otherwise arising in connection therewith. Matters of past performance in this document should not be taken as an indication or guarantee of future performance and RIBL makes no representation or warranty, express, implied or otherwise, regarding future performance. The market value of any security and estimated income may be affected by changes in economic, financial, (including, but not limited to, spot and forward interest), and political factors time to maturity, market conditions, and volatility and the credit quality of any issuer or reference issuer. Readers should understand that financial projections, fair value estimates and statements regarding future prospects may not be realized. All opinions and estimates included in this presentation constitute our judgment as of this date and are subject to change without notice.

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