GFH Partners Limited, the DIFC-based global asset management subsidiary of GFH Financial Group, has announced a strategic investment in Manrre REIT, a premier Dubai-based fund specialising in institutional-grade logistics and industrial assets across the UAE and the GCC region.
Founded in 2018 by Palmon Group FZCO, a leading local logistics developer and owner, Manrre’s portfolio is valued at approximately 500 million dirhams ($136m). This includes 26 high-quality, diversified industrial and logistics properties primarily in the UAE, establishing Manrre as a leading player in the region’s logistics and industrial real estate landscape.
This investment marks a pivotal milestone for Manrre and its future growth. Following the recent approval from the Dubai Financial Services Authority, GFH Partners has assumed the role of fund manager.
This transaction marks a significant milestone with the fund converted into a Shari’ah-compliant investment vehicle and aspiring for growth by broadening its investor base and accelerating new acquisitions and projects across the UAE and Saudi Arabia, regions experiencing strong demand in the logistics and industrial sectors.
Manrre, registered with Nasdaq Dubai’s share depository, has a proven record of delivering long-term, stable dividend income and capital appreciation for its shareholders. With this strengthened partnership, the fund is set to continue its upward trajectory, reinforcing its position as a pioneering force in logistics and industrial real estate across the GCC.
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