Mubasher: GFH Partners, a unit of GFH Financial Group, acquired logistics assets in Riyadh for approximately SAR 200 million, according to a press release.
The transaction marks another milestone in the growing regional industrial and logistics investment platform managed and advised by GFH Partners, which currently stands at nearly SAR 1.50 billion.
It builds on the firm’s global expertise in the sector, with the subsidiary’s global assets under management (AUM) amounting to SAR 26 billion.
Located in Riyadh’s industrial and logistics zone, the fully leased property spans over 40,000 square meters and features 12-metre clear heights, truck docks, high power capacity, and direct connectivity to Riyadh’s Eastern and Southern Ring Roads.
This represents the fourth asset acquired in KSA and is the 34th property within the overall platform.
The platform’s properties are leased to more than 120 tenants across strategic industrial and logistics zones in Saudi Arabia and the United Arab Emirates.
Mohamed Ali, Head of GCC at GFH Partners, commented: “We see the industrial and logistics sector in the GCC continuing to experience strong growth, supported by national initiatives to diversify the economy and enhance supply chain infrastructure.”
“Our strategy is to build scale through partnerships and disciplined execution, aligning the needs of institutional investors seeking exposure in this sector,” Ali highlighted.
Since launching its GCC platform in 2023, GFH Partners, along with its affiliates, has managed three dedicated funds focused on industrial and logistics assets in Saudi Arabia and the UAE.
Last September, Manrre REIT, managed by GFH Partners Limited, teamed up with Palmon Group FZCO to construct a logistics facility in North Jafza.
