GFH Financial Group and Wafra Acquire 8 U.S. Logistics Properties
Posted on 12/11/2021
GFH Financial Group is an investment bank based in Bahrain. GFH Financial Group and Wafra International Investment Co. purchased a portfolio of logistics assets in the United States. Seven of the facilities are leased to FedEx Corporation and the other to General Mills Inc. These properties are part of a built-to-suit process with leases to commence on completion of the facilities in 2022. Wafra International Investment Company K.S.C. is owned by Kuwait’s Public Institution for Social Security (PIFSS). Wafra International Investment Co. is a separate sister entity from Wafra Inc.
In June 2021, GFH Financial Group bought an American warehousing and distribution logistics center for US$ 100 million. GFH Financial Group acquired a residential tower in Baltimore for US$ 90 million in a joint venture with Broadshore Capital Partners in October 2021.
