Dubai continues to entrench its reputation as a hub for strategic investments, with major players driving innovation and growth in various sectors. This week, a major development in the logistics and industrial real estate market throws light on the dynamic investment ecosystem of the city. GFH Partners, one of the major asset management companies, has formed a strategic partnership with Manrre REIT, which would set the stage for expansion and transformation in the GCC region.
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GFH Partners Invests in Manrre REIT to Drive Growth in Logistics and Industrial Real Estate
In a significant development for the real estate and investment sectors of Dubai, GFH Partners, the global asset management arm of GFH Financial Group, has announced a strategic investment in Manrre REIT. The former is likely to boost growth in logistics and industrial real estate in the UAE and the GCC region, reflecting the sector’s robust growth due to macroeconomic trends and increasing demand.
Strategic Partnership and Key Highlights
Manrre REIT, established in 2018 by Palmon Group FZCO, holds a portfolio valued at AED 500 million ($136.13 million), encompassing 26 institutional-grade logistics and industrial assets. With GFH Partners now acting as the Fund Manager, Manrre has undergone a significant transformation, including becoming a Shari’ah-compliant investment vehicle to attract a broader investor base.
GFH Partners, which is already managing logistics and industrial assets across the US, UK, and GCC, is ready to leverage its experience to drive growth for Manrre. The CEO of GFH Partners, Nael Mustafa, said in a statement, “This reflects our commitment to supporting specialist asset managers in high-growth global markets.” According to Mustafa, the new structure and partnership will help Manrre benefit from macroeconomic factors driving the logistics and industrial sectors forward.
In a similar vein, Director of Manrre REIT Logistics Fund Kunal Lahori said that the partnership is going to be an excellent one. Manrre was commended for its endeavors to redefine logistics and industrial real estate in the UAE and further ambitious plans to enhance its market penetration with GFH Partners’ support.
Growth in GCC
Manrre will now be poised to capture the new opportunities within key GCC markets, especially within the UAE and Saudi Arabia. With its history of stable dividend income and capital appreciation, Manrre’s new partnership with GFH Partners is expected to give it the strong foundation in the acquisition of new projects as well as developments within a growing sector.
The conversion to a Shari’ah-compliant structure aligns Manrre with a growing segment of the global investment market and enhances its appeal to a broader range of institutional and individual investors. As part of this strategic shift, the REIT has also positioned itself to set new benchmarks for excellence in the logistics and industrial real estate markets.
The recent progress is an epitome of the role Dubai plays as a world leader in developing growth through strategic investments. Strengthening logistics and industrial real estate with this collaboration between GFH Partners and Manrre REIT reaffirms the commitment of the region towards innovation and long-term value creation. Through forward-looking partnerships such as this, Dubai will continue to open doors to sustainable growth and economic diversification within the GCC.
