GFH Financial Group announced the acquisition of two high-quality, income-generating Last Mile warehouses in southeast Spain as part of a transaction valued at About 77 million dollars.
a company statement clarified that the two properties were leased under a long-term contract to Amazon Road Transport S. The. You, a subsidiary of Amazon Global Retail & E-commerce.
and GFH Financial explained that the two properties cover an area of more than 100,000 square meters, one of the strong market elements in the logistics and warehouse sector in general, as well as The e-commerce sector in Spain, which is witnessing growth and further expansion potential.
and noted that the two assets were designed and constructed to the highest specifications and are a vital part of Spain's growing supply chain network that qualifies for reduced delivery times for Amazon's logistics network in fast-track Spain Expansion.
The originals also have access to more than 4 million people across southeastern Spain and the main roads connecting the eastern coast of major Spanish cities such as Barcelona, Valencia and Malaga, to the road network European.
GFH is one of the most important financial groups in the Gulf region, and includes: asset management, wealth management, commercial banking and real estate development. The group's operations are focused on Gulf Cooperation Council countries, North Africa and India.
