Management buy-out separates GRID Properties from Gulf Islamic Investments

January 3, 2025

  • With active support from GII’s Board and management, the CEO of GRID Properties – already a minority shareholder in GRID – has bought the remaining equity to become GRID’s sole shareholder
  • GRID Properties, with two active real estate developments underway in central London and others in Dubai, has projects worth over $2.6 billion in progress

 

19 December 2024: Dubai, UAE – Gulf Islamic Investments group (GII) has sold its majority shareholding in GRID Properties to Mr. Shreen Gupta, GRID’s CEO and an existing minority shareholder in the business, in a management buy-out with the full support of GII’s Board and management.

A portfolio company of Gulf Islamic Investments (GII), a leading global alternative investment company with over $4.5 billion of assets under management, GRID Properties is an award-winning real estate solutions provider. Founded in 2018, its development portfolio exceeded $2.6 billion by 2024. GRID has an established presence in Dubai and London, partnering global brands such as Elie Saab and Marriott® Autograph.

With this management buyout, Shreen Gupta will take full control of the GRID Group. GII and GRID will continue to work together closely on existing and new developments, including flagship The Lucan development in Chelsea, London.

Pankaj Gupta and Mohammed Alhassan, co-Founders and co- CEOs at GII, said: “We warmly congratulate our friend Shreen on his buy-out, which leaves GRID in the hands of perhaps the person who knows it best of all – its long-time CEO. GII is proud of GRID’s success in developing its two boutique UK properties in London, plus its recent projects in Dubai, and looks forward to supporting GRID’s continued growth in the coming years”.

Dubai

Office 401 – 403,
Hassanicor Building,
Al Barsha 1,
Sheikh Zayed Road,
Dubai, UAE
PO Box 451234
+971 (0)4 356 2500

London

3rd Floor, 25 Knightsbridge London, SW1X7LY,
+44 20 3093 9469

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Pankaj Gupta

CO-FOUNDER & CO-CHIEF EXECUTIVE OFFICER

GULF ISLAMIC INVESTMENTS

Having consistently played crucial roles in regional asset building and investment growth, Pankaj’s main role encompasses leadership, strategy, business, and people. His unique grasp of industry nuances and innovative eye for detail has been pivotal in the company’s increasing success.

Pankaj derived leading theoretical and practical insights by managing assets of Royal Families and other high net-worth Individuals. A firm believer in the power of encouraging new ideas and supporting education business ventures, Pankaj has been involved in numerous company start-ups and business development projects in both advisory and Board Member capacities.

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Mohammed Mansour Al Hassan

CO-FOUNDER & CO-CHIEF EXECUTIVE OFFICER

GULF ISLAMIC INVESTMENTS

Mohammed Alhassan is a well-networked individual with close ties to government and executive circles, including prominent members of the GCC’s banking, financial institutions and sovereign funds communities. He has over a decade of experience in Islamic Investment Banking across the GCC, spanning the Private Equity, Infrastructure and Real Estate sectors across the GCC, Europe, and the US.

Mohammed played an anchor role in establishing Gulf Islamic Investments (GII) in 2014 with responsibility for company leadership and strategy. At GRID, Mohammed is originating unique investment opportunities for investors to access real estate, technology, and private equity across the globe.

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Shreen R Gupta

GRID

Founder and Chief Executive Officer

Shreen leads GRID Properties, bringing over 25 years of experience in development and construction to spearhead its executive operations, With development-specific experience in London and Dubai, he hails from a design management and construction planning background.

Shreen has led and delivered developments across the hospitality, residential, masterplans, resorts, commercial, and retail sectors, from feasibility to delivery. His experience in working in different geographies and knowledge of market regulations and behaviour has helped to deliver over 20,000 property units across 10 countries.

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