Mubasher: GFH Capital Limited, a wholly-owned subsidiary of GFH Financial Group, has inked an agreement to exit from its U.S. industrial portfolio, which was acquired in 2016.

GFH's industrial portfolio in the US comprises 26 assets spanning over an area of 2.7 million square feet, according to a press release on Sunday.

Located across the Midwest region of the US, the assets are equally divided into single and multi-tenant facilities serving as distribution, warehousing, and other industrial real estate sites.

To reflect positively on the group’s financials and profitability, the exit is expected to result in around 40% return to investors over the holding period.

The Co-Chief Investment Officer at GFH, Nael Mustafa, said: "We continue to grow our presence in the US and global real estate markets in areas where we see great opportunity for GFH and our investors and the industrial and logistics space is core to our focus and activities."

Meanwhile, Mustafa added: "We are also currently in discussions to acquire further assets in the space similarly leased to strong creditworthy tenants, which will allow our investors to build a strategically diversified portfolio within the growing industrial subsector not only in the US but in Europe and Asia as well in the near term."