Bahrain-based asset manager, GFH Financial Group, has bolstered its global real estate portfolio with the purchase of a distribution facility in Chicago.
GFH partnered with US asset manager Silver Creek Commercial for the transaction which was valued at over US$135 million.
According to Salem Patel, head of asset management at GFH, one reason for the purchased was a long-term lease agreement with global tyre manufacturer, Michelin, which has been a tenant since 2015.
The deal with GFH is not the first partnership that Silver Lake has struck with a Mena-based investor.
In October 2020, the US firm teamed up with Abu Dhabi sovereign wealth fund Mubadala which committed $2 billion to a new private equity fund.
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