Manrre: Fund Transition Ushers In Growth with GFH Partners Investment
Deal News | Dec 30, 2024 | GFH Capital
GFH Partners Ltd., a global asset management subsidiary of GFH Financial Group, has made a significant investment in Manrre REIT, a prominent Dubai-based logistics and industrial real estate fund valued at AED 500 million. Managed by Palmon Group FZCO since its founding in 2018, Manrre REIT's portfolio encompasses 26 high-quality industrial properties across the UAE. The investment will convert the fund into a Shariah-compliant vehicle, positioning it for growth by expanding its investor base and projects, particularly in the UAE and Saudi Arabia—regions experiencing heightened logistics demand. GFH's involvement underscores their real estate strategy of collaborating with top-tier managers globally, enhancing Manrre's market position and driving further acquisitions. Both companies view the partnership as pivotal, with aspirations to redefine the logistics real estate sector in the GCC and deliver stable income and capital growth to shareholders.
Sectors
- Real Estate
- Logistics
- Asset Management
Geography
- United Arab Emirates – Primary location where Manrre REIT's industrial properties are based and where the investment activity occurred.
- GCC – The broader regional focus of growth and investment strategy, including planned expansions by GFH Partners and Manrre REIT.
Industry
- Real Estate – The article revolves around investments in industrial and logistics real estate by GFH Partners in the UAE and the GCC region.
- Logistics – Focus on logistics infrastructure development and real estate, crucial for the growth strategy discussed in the article.
- Asset Management – GFH Partners, as an asset manager, plays a central role in structuring and managing real estate investments like Manrre REIT.
Financials
- AED 500 million – The value of Manrre REIT's portfolio, marking the extent of GFH Partners' investment.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| GFH Partners Ltd. | Fund Manager | Company | Subsidiary of GFH Financial Group responsible for managing the investment in Manrre REIT. |
| Manrre REIT | Target Company | Company | A Dubai-based logistics and industrial real estate fund acquired by GFH Partners. |
| Palmon Group FZCO | Founding Company | Company | Original developer and owner of Manrre REIT, a local logistics developer. |
| Dubai Financial Services Authority | Regulatory Authority | Government | Regulatory body that approved the transition of Manrre REIT under GFH Partners. |
| Nael Mustafa | CEO of GFH Partners | Person | Leader articulating GFH Partners' strategy in the real estate investment sector. |
| Kunal Lahori | Director of Manrre REIT Logistics Fund | Person | Provides insights into the strategic partnership from the perspective of the target company. |