GFHP US Industrial and Logistics Fund VII

In Q1 2024, we introduced our seventh US Industrial and Logistics Fund, GFHP US Industrial and Logistics Fund VII. The Shari’a-compliant Fund is strategically diversified and entails a portfolio comprised of income-generating properties distributed across the US that are focused on industrial and transportation logistics, as well as a Murabaha facility to an industrial facility. The Fund’s assets are well-diversified in terms of location, space usage, and tenant base with long-lease terms and investment grade occupants such as Tesla, Teleflex, Tower Health, UGI Energy Services, SRS Distribution, Steiner, AT&T, and Penske.

The industrial real estate sector has proven to be very resilient in challenging times including the pandemic and high inflationary and interest rate environments. Its resiliency is supported by continued strong demand from e-commerce and manufacturing, as well as the nearshoring and offshoring of a variety of production facilities to North America. With assets strategically spread across several US states, the Fund is poised to meet this demand.

Interest in transportation logistics is rising due to limited availability, strict zoning requirements, and decreasing supply resulting from growing demand from trucking, bus, and other mass transport operators. The Fund capitalizes on the reemergence of the Midwest logistics spine, which connects Chicago to Texas and the southern border of the US. Demand in these markets is also supported by tailwinds driven by the onshoring and reshoring of a number of manufacturing and warehousing activities in Mexico.