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Bahrain’s GFH purchases building in US for USD90m
(MENAFN) Bahrain’s GFH Financial Group, an investment bank, has purchased a new residential tower in America for USD90 million as it increases the size of its real estate portfolio in the biggest economy of the world.
On Sunday, GFH stated to the Dubai Financial Market, where its stocks are traded, that The firm bought the building in Baltimore in a joint venture along with Broadshore Capital Partners.
Broadshore is possessed by Guardian Life, a Fortune 500 corporation in New York with over USD71 billion of assets under managing.
Chief executive of GFH Capital, Razi Al Murbati, said “the US multifamily residential property sector is a significant opportunity for GFH and our investors.”
On Sunday, GFH stated to the Dubai Financial Market, where its stocks are traded, that The firm bought the building in Baltimore in a joint venture along with Broadshore Capital Partners.
Broadshore is possessed by Guardian Life, a Fortune 500 corporation in New York with over USD71 billion of assets under managing.
Chief executive of GFH Capital, Razi Al Murbati, said “the US multifamily residential property sector is a significant opportunity for GFH and our investors.”
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