GFH Partners Ltd., a Dubai-based institutional fund manager regulated by the Dubai Financial Services Authority (DFSA), has announced the acquisition of a large-scale logistics property in Riyadh valued at approximately SAR200 million. The purchase was made through one of the real estate funds advised by the firm.
The acquisition strengthens GFH Partners’ regional industrial and logistics investment platform, which now totals around SAR1.5 billion in assets. The platform is part of the company’s broader global real estate strategy, with total assets under management standing at about SAR26 billion.
Located in Riyadh’s industrial and logistics zone, the newly acquired property spans more than 40,000 square metres and features 12-metre clear heights, truck docks, high power capacity and direct access to the city’s Eastern and Southern Ring Roads.
The facility is fully leased to leading logistics operators seeking high-quality and scalable warehousing infrastructure in one of the region’s most active distribution hubs.
The transaction marks GFH Partners’ fourth logistics acquisition in Saudi Arabia and the 34th asset within its overall industrial platform. The firm’s portfolio includes properties across key industrial and logistics zones in both Saudi Arabia and the UAE, leased to more than 120 tenants.
The sites benefit from proximity to major multimodal transport corridors, including Jebel Ali Free Zone (JAFZA), Dubai South, and the industrial cities of Dammam and Riyadh.
Mohamed Ali, Head of GCC at GFH Partners, said the acquisition reflects the company’s confidence in the region’s expanding logistics market. “We see the industrial and logistics sector in the GCC continuing to experience strong growth, supported by national initiatives to diversify the economy and enhance supply chain infrastructure,” he said.
“Our strategy is to build scale through partnerships and disciplined execution, aligning with institutional investors seeking exposure to this sector.”
Since launching its GCC logistics platform in 2023, GFH Partners and its affiliates have established three dedicated funds focused on industrial and logistics assets in Saudi Arabia and the UAE. The firm said it continues to expand the platform through new built-to-suit projects, infrastructure-linked developments and additional acquisitions expected in the near future.
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