Mubasher: GFH Capital Limited, a subsidiary of GFH Financial Group, has acquired a $100 million tech offices portfolio in US’ North Carolina.

Situated on 60 acres, the portfolio is located in Research Triangle Park, the largest dedicated scientific research park in the US, which includes over 250 companies and 50,000 professionals within 22.5 million square feet, according to a company statement released on Tuesday. 

"Tech Offices Portfolio is well-positioned to deliver robust, in-place, stabilised cash flows driven by a solid roster of several credit-rated tenants and benefits from unparalleled proximity to the primary economic drivers in the Triangle region,” CEO of GFH Financial Group Hisham Alrayes said.

The conclusion of this deal will see the value of real estate transactions executed by GFH in the US and the UK reaching to more than $1 billion.

"Expanding our partnership with leading international asset managers and property operators, we expect to build on the strong performance of these properties and, importantly, on the strong competitive advantage they enjoy," Alrayes commented.

Arcadia Management Group will act as a property manager for the portfolio.