GII acquires Amazon’s enormous logistics centre in Germany for US $ 144 m

PRESS RELEASE | 27/12/2017

Gulf Islamic Investments today announced the acquisition of nearly one million square feet of logistics centers for amazon, on behalf of its investors, for $144 m. Rasmala has acted as a strategic co-advisor & co-investor on this acquisition assisting on all aspects of it.

The two state of the art Grade A logistics centres, are located in Dortmund Germany, serves as Amazon’s key logistics centres supplying goods to 29 other facilities.

This newly built facilities are leased out to Amazon on a long-term unbreakable lease with regular rental uplifts linked to Germany CPI.

Mohammed Al-Hassan, Co- founder/CEO said: “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”.

“Alhassan” added: “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 remark- able returns”.

“Alhassan” confirmed that GII plans to keep acquiring high quality income yielding real estate assets in US, UK and Germany and to invest selectively in attractive value-add development opportunities in the GCC region.