Bahrain's Finance Group Buys Majority Stake In UK Realty Major
Bahrain-based GFH Financial Group (GFH) has announced it has acquired a majority stake in Roebuck Asset Management, a UK and European logistics and business space focused real estate asset manager. Roebuck, which was founded in 2009 by Hugh Macdonald-Brown and Nick Rhodes, has managed assets with a total investment value exceeding £1.4 billion covering over 15 million sq ft of floor area. The firm’s primary focus has been on the acquisition and management of logistics assets with investments made to date in over 85 properties located in the UK and European countries to include Spain, Belgium and Czech Republic. With the acquisition of Roebuck, which will continue to operate independently and be managed by its founders, GFH said it will add significant expertise in European commercial real estate to the group and gain strategic access to prime deal flow. It added that this will enable the group to more effectively expand its investment activities in the UK and European logistics real estate sector, a segment of the market showing solid fundamentals and prospects for growth.
Tags : INTERNATIONAL Real Estate Logistics Bahrain GFH Financial Group Roebuck Asset Management business space