GFH Partners closes USD 300 mn logistics and industrial fund in the US

GFH Financial Group’s Dubai-based real estate asset management arm launched and closed a USD 300 mn logistics and industrial fund in the United States, a press release reads. The fund features 25 industrial and transportation logistics assets across seven locations, including Class A properties leased long-term to major tenants like Tesla, Teleflex, Tower Health, and UGI Energy Services, according to the statement.

The real estate asset manager entered into a strategic partnership with investment manager Transport Properties, which specializes in developing properties for trucks, buses, construction, and material storage, to help manage its newly acquired assets, the statement said.