Mubasher: GFH Financial Group has acquired a majority stake in the UK-based Roebuck Asset Management, specialised in managing logistics real estate assets and commercial spaces.
With the acquisition of Roebuck, GFH is enabled to expand its businesses in the UK and European logistics real estate sector and have strategic access to prime deal flow, according to a recent press release.
Founded in 2009, Roebuck has managed assets with total investments valued at more than £1.4 billion and spanning over 15 million square feet of floor area.
The company's businesses have focused on acquiring and managing to date over 85 properties, located in the UK and European countries, including Spain, Belgium, and Czech Republic.
The CEO of GFH, Hisham Alrayes, commented: "This is 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."
The Managing Partners of Roebuck, Hugh Macdonald-Brown and Nick Rhodes, said: "We will look to maximise synergies where possible with GFH opening up reciprocal access for the Group to Roebuck’s strong and existing institutional investor base in Asia and other markets where we have an established a strong track record and excellent relationships with leading institutional and high net worth investors.”
It is noteworthy to mention that on 21 December, GFH acquired high quality and income yielding logistics warehouses, located in south eastern Spain and leased on a long-term basis to Amazon Road Transport, at a value of around $77 million.
GFH is listed on Bahrain Bourse (BHB), Boursa Kuwait, and the Dubai Financial Market (DFM).
