UAE-based Gulf Islamic Investments (GII) has recently announced the acquisition of nearly 1 million square feet of logistics centers for Amazon for $144 million.
The two Grade A logistics centers are located in Dortmund, Germany, and serve as Amazon’s key logistics centers. “Dortmund offers a strategic location for a high-growth market and is one of the most important logistics hubs in whole Europe. Germany also produces about one-quarter of the EU’s GDP, with investment safety rates and remarkable returns,” said Mohammed Al-Hassan, co-founder and CEO of GII.
He also stated “GII’s real estate investment strategy is to have an exposure to good yielding commercial assets with investment grade tenants. We believe this transaction perfectly matches our investment strategy.
Al-Hassan confirmed that GII plans to keep acquiring high-quality income yielding real estate assets not only in Germany but in the US, and UK.