Dubai - Mubasher: Manrre REIT, managed by GFH Partners Limited, joined forces with Palmon Group FZCO to construct a logistics facility in North Jafza.
The 144,000 square feet project will be one of the UAE’s first high-bay and temperature-controlled warehouses, according to a press release.
It will offer 32,000 pallet positions, 16 loading bays, and 15,000 square feet of modern office space with a rooftop viewing deck overlooking DP World’s Jebel Ali Port.
The project, built to international standards, combines efficiency, scalability, and tenant convenience to meet rising demand for premium Grade A logistics space.
Meanwhile, the construction is scheduled for completion in the first quarter (Q1) of 2027.
Advanced leasing discussions are already underway with a leading regional logistics provider, reflecting strong market appetite for high-quality logistics assets.
Kunal Lahori, CEO of Palmon Group and Board Member at Manrre, said: “This development is more than just another warehouse; it marks a strategic leap in logistics design.“
“This Grade A facility is where innovation meets necessity, supported by an asset management structure that ensures long-term value for Manrre stakeholders,” Lahori added.
Nael Mustafa, CEO of GFH Partners Limited, commented: “This development reinforces our confidence in the UAE and GCC as key growth markets and reflects our commitment to delivering long-term value to investors while reinforcing Dubai’s position as a global logistics hub.”
GFH Partners Limited, a subsidiary of cross-listed GFH, acquired Manrre REIT in December 2024, with a portfolio valued at nearly AED 500 million.
