News

GFH buys $2bn warehouse portfolio

Bahrain-based asset manager GFH Financial Group has acquired a portfolio of warehouses leased to Amazon valued at US$2 billion. The portfolio comprises 14 logistics assets located across 11 US states, all of which are leased on a long-term basis to the e-commerce giant. Demand for warehouse space is currently at an all-time high, having risen by 135% since last year, and currently outstrips new supply by 41 million sq ft. Alongside the pandemic-induced boom in e-commerce, demand has also risen as a result of increased volumes in ports and the push from e-commerce firms to shorten delivery times. GFH’s investment was made alongside Preylock Holdings, a US-based consortium of institutional investors. “We look forward to working with our industry partners in this transaction to maximize the value of the portfolio and continue to look for other opportunities to build our presence in the logistics segment of the real estate market both in the US and Europe,” said Nael Mustafa, co-chief investment officer, real estate at GFH.   The logistics market has been a source of investment over the last year for GFH. Recent purchases include facilities leased to Amazon in Spain and FedEx and Michelin in the US. ©2021 funds global mena

Executive Interviews

INTERVIEW: ‘Financing is the blood of Iran’s economy’

Amid a fresh wave of American sanctions, Romil Patel spoke to Meysam Hamedi, director of financial markets and instruments at Iran’s Securities & Exchange Organization (SEO).

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EXECUTIVE INTERVIEW: A natural interest in the topic

Since 2016, Guillermo Ortiz has been a chairman of Latin America’s BTG Pactual. The former central banker of Mexico talks to Nick Fitzpatrick.

Roundtables

Middle East Investor Roundtable 2020: Dimensions of diversification

Investors in the Middle East consider the tools that will be needed to navigate the Covid-19 crisis, the continued appetite for dividend and why it’s all about tech. Chaired by Romil Patel.

South Africa asset management roundtable: Global rebound on ice

Experts discuss the investment implications of the coronavirus pandemic, a delayed rebound in global growth and dealing with South Africa’s energy issues head on. Chaired by Romil Patel in Cape Town.

South African roundtable: Taking the bull by the horns

Our panel discusses Chinese investment in Africa, financial institutions’ contribution to economic sustainability and regulatory concerns. Chaired by Romil Patel in Cape Town.

ROUNDTABLE: Hooked to the global caravan

With the MENA region at a tipping point, our panellists talk about economic diversification, the impact of regulation and the delayed Saudi Aramco listing. Chaired by Romil Patel in Dubai.