Manrre REIT Secures Growth with $136 Million Investment from GFH
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Kunal Lahori, Director of Manrre REIT
GFH Partners, the DIFC-based asset management arm of GFH Financial Group, has made a strategic investment in Dubai's Manrre REIT. Manrre, established in 2018 by Palmon Group FZCO, specializes in institutional-grade logistics and industrial assets across the UAE and GCC. Its AED 500 million ($136.13 million) portfolio includes 26 high-quality properties, making it a key player in the region's real estate sector.
With approval from the Dubai Financial Services Authority, GFH Partners has assumed the role of Fund Manager, transitioning Manrre into a Shari’ah-compliant investment vehicle. This move aims to broaden its investor base and accelerate growth in the UAE and Saudi Arabia, regions with robust demand for logistics and industrial assets.
Nael Mustafa, CEO of GFH Partners, emphasized leveraging GFH's global expertise in logistics and industrial investments to fuel Manrre's expansion. Kunal Lahori, Manrre REIT Director, highlighted the partnership as a transformative step to solidify Manrre’s position in the regional market.
Source: Trade Arabia
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