GFH Financial Group (GFH) has announced the acquisition of a US-based warehousing and distribution logistics facility situated in Ohio and fully leased to FedEx in a transaction valued at $100 million.

This takes the group's total logistics investments in the North America and Europe to over $300 million, said a statement from GFH Group.

This is part of GFH’s logistics and industrial sector investment theme, focusing on the acquisition of high quality logistics assets in key distribution hubs to capitalize on the strong tailwinds from growing e-commerce penetration rates and sales.

GFH continues to scale up its global logistics platform with its recent acquisitions of the Amazon Spain Portfolio, the Michelin distribution facility in Chicago and the current FedEx distribution facility transaction. This will gain exposure to well positioned top credit tenants occupying a variety of mission critical facilities in key locations in North America and Europe.

As the world’s second largest courier and delivery service provider, FedEx benefits from the increased e-commerce demand from a multitude of players and sources.

The growth of e-commerce is significant across the North American landscape and therefore, fueling increasing demand from logistics players such as FedEx to be located in central and strategic hubs to satisfy demand.

The FedEx facility has a unique location with scarce comparable supply in the surrounding area, making it attractive to blue chip tenants and an attractive investment for GFH. It is located in a primary logistics hub in the state of Ohio and a city that is considered as one of the fastest growing metro centres in the nation, providing access to over 60 per cent of the US population in just one day’s drive. Due to its strategic position, it is a mission-critical facility for FedEx and the company’s growing national ground delivery business.

GFH Capital Saudi Arabia CEO Razi Al Merbati said: “We’re delighted to announce strategic acquisition of a prime, income yielding real estate asset in the US logistics and distribution sector.”

GFH is a global real estate investor, investing across sectors with strong long-term fundamentals. It currently has in excess of $12 billion of assets under management.