Amazon I and II/Supplied
by Kudakwashe MuzoriwaRasmala Investment Bank (Rasmala) has sold two Amazon logistics assets in Germany for $155 million and the divestment from the assets generated a total return of 30 per cent in two years for investors.
Eric Swats, the Senior Executive Officer at Rasmala, said, “Our real estate business continues to expand, and we are currently acquiring new assets in Europe and the US, we have successfully exited this investment and will generate significant returns for our investors.”
Rasmala plans to retain its investment in another logistics centre let to a subsidiary of Decathlon, the sports goods retailer.
The Amazon logistics assets are located in the new Dortmund logistics park which is strategically located for distribution operations with easy access to both eastern and western Europe.
MOST READ
INVESTMENT
India seizes Yes Bank, limits withdrawalsINVESTMENT
ING Groep plans to sell its Turkish unitINVESTMENT
SABB seeks to boost corporate lendingINVESTMENT
UBS launches new private client programINVESTMENT
Egypt plans to resume IPOs of parastatalsINVESTMENT
HSBC considering exiting from TurkeyINVESTMENT
Abu Dhabi’s Group 42 acquires BayanatINVESTMENT
Amanat considers stake in VPS HealthcareINVESTMENT
KIZAD, ECI partner to support UAE businessesINVESTMENT
Fiat Chrysler, PSA explore a potential mergerINVESTMENT
UBS investment bank job cuts reach EuropeINVESTMENT
Saudi Aramco plans to complete IPO this yearINVESTMENT
Emirates NBD’s launch of E20. credit positive
CPI Financial was established in Dubai in 1999 to meet the needs of an ever-expanding financial community, offering a comprehensive portfolio of market-leading products and services tailor-made for the banking and financial services sectors.
Loading More post
