Strategic Investment to Boost Expansion Across UAE and GCC.
GFH Partners, the global asset management subsidiary of GFH Financial Group based in the Dubai International Financial Centre (DIFC), has announced a strategic investment in Manrre REIT, a leading Dubai-based fund specializing in institutional-grade logistics and industrial assets across the UAE and the GCC region.
PC: CEO Times
Manrre REIT was established in 2018 by Palmon Group FZCO, a major local logistics developer and owner, with a portfolio valued at about AED 500 million ($136.13 million). Its 26 high-quality, diversified industrial and logistics properties, mainly in the UAE, position it as a major player in the region’s logistics and industrial real estate sector.
The investment is a major milestone in Manrre’s history and the start of its new growth phase. GFH Partners, which has recently been granted approval from the Dubai Financial Services Authority (DFSA), is now acting as the Fund Manager for Manrre REIT.
As part of this transition, Manrre has been converted into a Shari’ah-compliant investment vehicle. This transformation aims to broaden its investor base while paving the way for new acquisitions and projects across the UAE and Saudi Arabia. Both regions are witnessing rising demand in the logistics and industrial sectors, driven by robust macroeconomic trends.
Nael Mustafa, CEO of GFH Partners, highlighted the strategic importance of this collaboration, stating, “Our investment in Manrre is an extension of GFH Partners’ strategy, centered on collaboration with leading specialist asset managers operating in attractive segments of the global real estate market. Already a major investor in logistics and industrial assets in the US, UK, and GCC region, we are well-positioned to leverage our deep experience to help accelerate Manrre’s growth and further build upon its unique market position. With a new structure and strengthened foundations, we look forward to capturing opportunities from strong macroeconomic drivers contributing to the growth of the logistics and industrial sectors across key markets in the GCC.”
This sentiment was mirrored by Kunal Lahori, Director of Manrre REIT Logistics Fund, who stated, “The investment represents a pivotal point for Manrre, as we have worked steadfastly to redefine the market for logistics and industrial real estate in the UAE and beyond. With GFH Partners on board, we are well placed to expand our specialist asset class further and take Manrre’s market presence to another level.”
Manrre, registered with Nasdaq Dubai’s share depository, has established a strong reputation for delivering long-term, stable dividend income and capital appreciation to its shareholders. This enhanced partnership with GFH Partners is expected to further solidify its position as a leading force in logistics and industrial real estate across the GCC.
With a stronger foundation and a strategic roadmap in place, Manrre REIT is well positioned to capitalize on growth opportunities in key markets across the UAE and Saudi Arabia, setting a new benchmark of excellence in the logistics and industrial sectors.
