GFH acquires majority stake in UK’s Roebuck

BBN Report

MANAMA/December 27-2020: GFH Financial Group (GFH) has acquired a majority stake in Roebuck Asset Management, UK (Roebuck), a UK and European logistics and business space focused real estate asset manager, according to an official statement.

The financial details of the acquisition were not available.

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 pounds 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.

Roebuck also brings to bear additional expertise managing assets on behalf of an extensive and diverse group of institutional investors and ultra-high net worth individuals (UHNWIs) from the UK, South Africa, India, South Korea, and Malaysia.

Strategic access

With the acquisition of Roebuck, which will continue to operate independently and be managed by its founders, GFH will add significant expertise in European commercial real estate to the Group and gain strategic access to prime deal flow.

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.

Hisham Alrayes, CEO of GFH, said this acquisition provides the Group with a broad base of asset managers focused on the fast-growing logistics real estate space.

To enhance profitability

“This investment comes in line with our stated plan to pursue investments that can help accelerate our growth, further enhance profitability and increase our assets under management,” Alrayes said.

Hugh Macdonald-Brown and Nick Rhodes, Managing Partners of Roebuck, added, “Together with GFH, we are poised to unlock further exciting opportunities we are seeing in the UK and European logistics and business space sectors.”

 

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