UAE’s Rasmala and Gulf Islamic Investments Sells Two Amazon Logistic Assets for USD 155mn

Both firms acquired the Assets jointly along with other investors in January last year, for USD185 million, confirmed to AnalyzeMarkets by Rasmala.

Rasmala to retain its investment in the logistics center let to a subsidiary of Decathlon, the sports goods retailer, acquired for USD 40mn in January last year.

Germany (2.9m sq m, 25%) contributed to the highest proportion of European logistics takeup during H1 2019 while a shortage of available options in Germany’s top five logistics markets could see prime rental growth reach around 5% over the next 12 months, according to Savills.

Last month, Rasmala raised AED 646mn for its Long Income Fund with the help of Noor bank.

Earlier in August, GII acquired an office building in New Jersey, USA, for over USD 120mn.