Bahrain’s GFH acquires $100m property portfolio in US

GFH Financial Group, an investment bank based in Bahrain, acquired a portfolio of office buildings for $100 million (Dh367m) in the US, pushing the value of its investments in the US and the UK real estate sector to more than $1 billion.

The acquisition was made through the group’s subsidiary, GFH Capital, in partnership with Global Mutual, a real estate investment management company with more than £1.5bn (Dh6.84bn) of assets under management, GFH said in a statement on Tuesday. GFH, along with its investors, controls about 95 per cent of the portfolio with the remaining held by Global Mutual, it added.

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