GFH to acquire $125 million industrial real estate portfolio in United States

>

The group's GFH Capital unit said in a statement on Saturday that the portfolio will include 18 income-producing assets across six states, including single-tenant and multi-tenant properties with an overall occupancy rate of 98 percent.

Hisham al-Rayes, managing director of GFH Capital, said he hoped the transaction would deliver steady yields, potential for capital appreciation and effective portfolio diversification.

GFH did not say who it made the acquisition from.

(Reporting by Tom Finn; Editing by David Holmes)