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GFH acquires $2bn logistics assets in US

GFH acquires $2bn logistics assets in US
The portfolio comprises 14 mission-critical logistics warehouses
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Mubasher: GFH Financial Group has acquired a portfolio of Amazon-designated logistics assets in the US at a value of more than $2 billion.

Spanning over 11 million square feet, the portfolio comprises 14 mission-critical logistics warehouses, located across eleven states, and is fully leased on a long-term basis to Amazon, according to a recent press release.

The transaction was made by GFH in partnership with Los Angeles-based Preylock Holdings and a number of multi-national institutional investment firms.

The Co-Chief Investment Officer – Real Estate at GFH, Nael Mustafa, said: "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."

Mustafa added: "The investment is supported by the ongoing growth in e-commerce, with Amazon an undisputed leader, and the resulting demand for high quality industrial and warehousing space required for storage and distribution."