backKing & Spalding advised GFH Partners Ltd (GFHP) on its strategic investment in Manrre REIT (CEIC) PLC (Manrre). Manrre is a leading Dubai-based real estate fund specialising in institutional-grade logistics and industrial assets across the UAE and the GCC region. Manrre’s portfolio, valued at approximately AED 500 million, comprises 26 high-quality industrial and logistics properties, and it is one of the largest funds in this sector in the UAE. In connection with the transaction, Manrre was converted into a Shari’ah compliant investment vehicle, enabling the Fund to further broaden its investor base and accelerate its expansion into high-demand markets such as the UAE and Saudi Arabia. At closing of the transaction, GFHP assumed the position of fund manager of Manrre.
GFHP is a subsidiary of GFH Financial Group and acts as the global real estate investment and asset management platform for the group and currently has US$6.5 billion in assets under management. GFHP is headquartered in the Dubai International Financial Centre (DIFC) and is regulated by the Dubai Financial Services Authority (DFSA).
Manrre was founded by Palmon Group FZCO, a UAE based family business specialized in owning and developing logistics properties. Manrre is domiciled in the DIFC and registered with the DFSA.
The cross-office King & Spalding team included James Stull (Dubai), Malek Al Rifai (Dubai), Dora Chan (Singapore), Mohammed Basama (Dubai), Layla D’Monte (London), Saud Aldawsari (Riyadh), Benedict Grima (Dubai), Jamie Kershaw (Dubai), Husni Al Far (Dubai), Salma Alheraiqi (Riyadh) and Husam Alhmary (Riyadh).