Press

May 2, 2024, Dubai (UAE): Brookfield Asset Management, through one of its private real estate funds, today announced that it has acquired a controlling stake in Gulf Islamic Investments’ logistics real estate platform. The portfolio, comprising 1.5M sq. ft. of high quality warehouses in the UAE, marks Brookfield’s foray into the logistics sector in the region. Brookfield plans to invest and scale the platform overtime through the acquisition and development of high-quality logistics real estate assets.

Jad Ellawn, Managing Partner, Head of Middle East, Brookfield said, “Our on-the-ground approach to investment and our global relationships have helped us build a portfolio of marquee assets across real estate, infrastructure, and financial services in the region. Given the continued e-commerce and consumption-led growth in the region, we believe there will be exciting opportunities, to leverage our global expertise and provide solutions to our partners in the Middle East.”

Mohammed Alhassan and Pankaj Gupta, GII’s co-founders and co-CEOs, commented, “Our partnership with Brookfield enables us to expand our operations further through investments and acquisitions in the GCC. Due to increasing interconnectivity, the region is witnessing enhanced integration of the Gulf economies, leading to a surge in demand for logistics assets.”

Brookfield, along with its partners, owns and operates 3M sq. ft. of commercial real estate in the region, including ICD Brookfield Place, the region's premier lifestyle and business address. Brookfield’s logistics fully integrated portfolio spans over 80M sf across five continents.

GII, a leading Shari’ah-compliant global alternative investment company established in 2014 with over US$4.5 billion of assets under its management, has been actively investing in logistics real estate assets since 2018. More recently, it has focused on acquiring, aggregating, repurposing, and developing facilities for leading transport and e-commerce companies in the GCC states.

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About Brookfield Asset Management

Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager with over $900 billion of assets under management across renewable power and transition, infrastructure, private equity, real estate, and credit. We invest client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. We offer a range of alternative investment products to investors around the world — including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors. We draw on Brookfield’s heritage as an owner and operator to invest for value and generate strong returns for our clients, across economic cycles.

For more information, please visit our website at www.bam.brookfield.com

About Gulf Islamic Investments

Gulf Islamic Investments Group (GII) is a leading Shari’ah-compliant global alternative investment company. With over $4.5 billion of assets under management, GII seeks to achieve superior, sustainable returns and long-term value for its investors and shareholders by investing in curated growth and income-generating opportunities.

GII believes in ‘innovation with a purpose’, and works to build the sustainability of the ecosystem in which it operates. Under the leadership of a committed management team, supported by prominent shareholders from the Arabian Gulf region, GII deploys private capital across diverse alternative asset classes, including real estate, private equity, and venture capital. GII’s client network includes UHNWIs, family offices, banks, institutions, and sovereign wealth funds in the GCC and Asia.

GII is headquartered in the United Arab Emirates. Its UAE entities are regulated by the Securities and Commodities Authority (SCA), the Dubai Financial Services Authority (DFSA) and the Financial Services Regulatory Authority (FSRA).

Website: www.gii.ae

Linkedin: https://www.linkedin.com/company/13460336/admin/

Instagram: gii.uae

Media Contacts
Stephen Harrison
Head of Corporate Communications
Gulf Islamic Investments
communications@gii.ae

Shveta Singh
Senior Vice President,
Corporate Communications, Brookfield
Email: shveta.singh@brookfield.com
Tel: +91-9004287034