GII buys Amazon logistics centres in Germany

Mohammed Al-Hassan, Co-founder and CEO of GII.

United Arab Emirates-based Gulf Islamic Investments (GII) has bought two Amazon logistics centres in Dortmund, Germany for $144m.

According to reports published by Forbes and other sources, the logistics centres are leased out to Amazon on a long-term unbreakable lease.

Mohammed Al-Hassan, Co-founder and CEO of GII, was quoted as saying: “GII’s real estate investment strategy is to have an exposure to good yielding commercial assets with investment grade tenants. We believe this transaction perfectly matches our investment strategy.

“Dortmund offers a strategic location for a high-growth market and is one of the most important logistics hubs in whole Europe. Germany also produces about one-quarter of the EU’s GDP, with investment safety rates and remarkable returns.”