Mubasher: GFH Partners Limited, a subsidiary of GFH Financial Group, has launched and closed its seventh logistics and industrial fund in the US, according to a press release.
The portfolio includes 25 industrial and transportation logistics assets in more than seven locations across the US. Meanwhile, the total transaction was valued at $300 million.
The fund’s transportation logistics assets are comprised of nearly 20 small to medium sites used for truck parking, sorting and fulfillment of goods, and electrical vehicle battery charging, among others.
To manage these assets, GFH Partners has entered into a strategic partnership with Transport Properties, an investment manager uniquely specialized in developing and enhancing properties for trucks, buses, construction, and material storage.
The company has a portfolio of over 45 properties acquired across 605 acres of land and is vertically integrated, managing each step in-house by controlling the process.
Nael Mustafa, CEO of GFH Partners, said: “We believe the current phase of the economic cycle is characterized by slowing inflation, the end of the rate hike cycle, and continued strong performance in the sectors GFH Partners specialises in, of which logistics and industrial are key components.”
“The slowdown of new developments and constructions, coupled with strong macroeconomic drivers for industrial and logistics assets are also contributing to stable rent growth and an overall positive outlook for the sector,” Mustafa added.
He underlined: “The fund also introduces transportation logistics, a subsector within US logistics with potential for growth due to the combination of limited available land and zoning constraints, indicating the likelihood of rental growth upside.”
The CEO concluded: “We look forward to maximising the value and potential of these assets through our partnership with Transport Properties. This is an approach that we have effectively employed, engaging with proven operators on-the-ground with whom GFH Partners is strategically aligned.”
During the fourth quarter (Q4) of 2023 and Q1-24, GFH Partners Limited injected investments worth $450 million in the US real estate sector.
