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05 December 2019

Dubai’s Rasmala sells logistics facilities in Germany for $155 million

The alternative investment firm is currently acquiring new assets in Europe and the US.

Amazon I and II/Supplied

by Kudakwashe Muzoriwa

Rasmala 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.

RELATED STORIES: Rasmala Investment Bank Amazon logistics





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