GFH Partners acquires $150 mln logistics assets in Saudi Arabia, UAE

GFH Partners completed the acquisition of a diversified logistics and industrial portfolio worth $150 million (nearly SAR 563 million) in Saudi Arabia and the UAE.

This portfolio includes a mix of logistics and industrial assets in Saudi Arabia and the UAE.

The portfolio comprises income-generating assets and opportunities for real estate development, in the logistics and industrial zones strategically located in Riyadh and Dubai.

It encompasses various facilities such as light industrial and cold storage facilities, distribution centers, and warehousing assets.

These properties are leased to a mix of international and regional tenants, including blue-chip companies, GFH said in a statement today, Oct. 7.

Dubai International Financial Centre (DIFC)-headquartered GFH Partners aims to rapidly expand its GCC logistics real estate platform to SAR 1 billion ($250 million) over the next 12-18 months, building on growth from favourable demographics, positive momentum in capital markets, and government initiatives to bolster their logistics industries, with Saudi Arabia set to become a key global logistics hub.