King & Spalding Advised GFH Partners On Strategic Investment In Manrre REIT
King & Spalding has advised GFH Partners Ltd (GFHP) on its strategic investment in Manrre REIT (CEIC) PLC (Manrre), a;
King & Spalding Advised GFH Partners On Strategic Investment In Manrre REIT
King & Spalding has advised GFH Partners Ltd (GFHP) on its strategic investment in Manrre REIT (CEIC) PLC (Manrre), a prominent Dubai-based real estate fund specializing in institutional-grade logistics and industrial assets across the UAE and the GCC region. Manrre’s portfolio, valued at approximately AED 500 million, includes 26 high-quality industrial and logistics properties, making it one of the largest funds in this sector in the UAE.
As part of the transaction, Manrre was converted into a Shari’ah-compliant investment vehicle, enabling the fund to expand its investor base and pursue growth opportunities in high-demand markets such as the UAE and Saudi Arabia. Following the transaction, GFHP assumed the role of fund manager for Manrre.
GFHP, a subsidiary of GFH Financial Group, serves as the global real estate investment and asset management platform for the group. Headquartered in the Dubai International Financial Centre (DIFC) and regulated by the Dubai Financial Services Authority (DFSA), GFHP manages assets totaling US$6.5 billion.
Manrre, founded by Palmon Group FZCO, a UAE-based family business specializing in logistics properties, is domiciled in the DIFC and registered with the DFSA.
The cross-office King & Spalding team that advised on the transaction included Partners James Stull and Malek Al Rifai, with support from a multi-jurisdictional team comprising Counsel Dora Chan (Singapore), Senior Associates Mohammed Basama (Dubai), Layla D’Monte (London), and Saud Aldawsari (Riyadh), as well as Associates Benedict Grima, Jamie Kershaw, and Husni Al Far (Dubai), and Salma Alheraiqi and Husam Alhmary (Riyadh).