GFH Partners' snaps up USD 150 mn logistics real estate assets in KSA + UAE: Dubai-based subsidiary of GFH Financial Group, GFH Partners, has acquired a USD 150 mn portfolio of logistics and industrial zone real estate assets in Saudi Arabia and the UAE, according to a press release (pdf). The exact number of facilities and their location was not disclosed in the press release. It also has not disclosed who the sellers of the assets are.

What did it acquire? The portfolio includes light industrial and cold storage facilities, as well as distribution and warehousing assets that are leased to regional and international tenants, across logistics zones and industrial areas in Riyadh and Dubai, according to the press release. The tenants include blue-chip companies, the statement said.

The plan for the assets: The company’s logistics platform has development plans with local developers to capitalize on the portfolio assets, the statement said, without disclosing further details.

What’s next: The company is looking to expand its GCC logistics real estate platform to SAR 1 bn over the next 12-18 months, Mustafa added.

GFH Partners has been on an acquisition spree: GFH Partners has acquired more than 50 logistics assets across six countries in three continents, according to the release. These transactions have poured some USD 4 bn into the logistics real estate sector by leasing units to Amazon, FedEx, DHL, among others, according to the press release.

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