Acquiring a USD2 Billion Portfolio

by BTM

Sun, 28 November 2021

GFH Financial Group Acquiring a USD2 Billion Portfolio

GFH Financial Group (GFH or the Group) has announced its successful investment in a portfolio of high quality, income yielding logistics assets leased to Amazon. In a transaction currently valued at more than US$2 billion, the portfolio, comprised of 14 mission-critical logistics assets strategically located in 11 states, is fully leased on a long-term basis to the global e-commerce giant. 

“The 14 assets are strategically located, purpose-built and state-of-the-art, enabling Amazon to effectively streamline the flow and delivery of goods to its massive and ever-expanding customer base across the US. We look forward to working with our industry partners in this transaction to maximise 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,” says GFH Co-Chief Investment Officer – Real Estate, Nael Mustafa.

Totalling more than 11 million sq. ft. of prime space, the investment sees GFH expand its portfolio of logistics assets in the US. GFH’s investment drive is based on long-term fundamentals supported by the continued growth of e-commerce, evolution of supply chain logistics and inadequate supply with construction unable to meet the current or projected requirements of the industry. Demand for warehousing space has outstripped new supply by 41 million sq. ft. in Q3 2021 as e-commerce continues to grow in the post-pandemic era. 

The investment by GFH was made in partnership with Preylock Holdings, alongside a club of highly reputable multi-national institutional investment firms.