Bahraini asset manager, GFH Financial, has made its first foray into the UK’s real estate market after acquiring a majority stake in Roebuck Asset Management.
The UK firm manages a total of $1.87 billion real estate assets, the majority of which are in the logistics sector.
To date, Roebuck has invested in 85 properties across the UK and Europe covering over 15 million square feet.
Under the terms of the acquisition, Roebuck will continue to operate independently and under the leadership of its founders.
For GFH Financial, the deal is part of a strategy to add expertise in the European commercial real estate market and gain access to prime deal flow. It also follows a recent $77 million acquisition of an Amazon-designated logistics warehouse in Spain.
Hisham Alrayes, GFH chief executive, referred to the Roebcuk acquisition as “a strategic investment into a profitable platform with a proven track record and capabilities and broad institutional investor base providing GFH with a low risk approach to further expanding the European market”.
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