GFH Financial Group secures FEDEX logistics facilities in Ohio - MENA startups, innovation, and tech news

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GFH Financial Group secures FEDEX logistics facilities in Ohio
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GFH Financial Group secures FEDEX logistics facilities in Ohio

GFH financial group on the 26th of June 2021, announced publicized the purchase of a US-based warehousing and distribution logistics facility located in Ohio and fully rent out to FedEx Inc. in a transaction valued at approximately $100million. The Bahrain-listed group said that the deal was part of its master plan to invest in “high-quality logistics assets in key distribution hubs.” According to arabnews.com: “The Bahrain-listed group said the transaction was part of its strategy to invest in “high-quality logistics assets in key distribution hubs”

What if GFH?

GFH financial group is into investment management, real estate development & commercial banking. It’s continuing to level up its global logistics platform with its recent purchase of Amazon Spain Portfolio, Michelin distribution facility in Chicago, and the ongoing FedEx distribution facility transaction. GFH has more than US$12 billion of assets under its name.

“An increase in global trade and e-commerce, as well as development in supply chain management has created an increased structural demand for warehousing space, and hence further growth,” CEO of GFH Capital KSA Razi Al-Marbeti said.

The unit is a mission-critical facility for FedEx, GFH said, as it is located in a “fast-growing metro center,” where the logistics company will have access to over 60 percent of the US population is one day’s drive.  GFH will announce other deals over the next few months in North America and Europe, the company said. It had recently come in for Amazon Spain Portfolio, and the Michelin distribution facility in Chicago.

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