Bahraini GFH Financial Group obtains medical offices in US in USD200m agreement

2021-12-01 02:40:18

(MENAFN) The Bahrain-based investment bank, GFH Financial Group has obtained a group of medical offices in America in an agreement worth of USD200 million, growing its property portfolio in the biggest economy of the world.

According to the firm’s statement on Tuesday, the medical offices group comprises of 11 assets with over 400,000 square feet of space and taking space across North Carolina, South Carolina, Georgia, Utah, Wisconsin, Ohio as well as Texas.

The Sharia-compliant agreement increases the worth of the GFH group’s US healthcare portfolio to more than USD400 million. Medical offices refer to amenities rented to outpatient medical and connected facilities. These involve diverse specializations of medicine, labs as well as ancillary medical services.

Based on co-chief investment officer of real estate, at GFH, Nael Mustafa, “the pandemic has underlined a need for more outpatient services and continued demand for healthcare services. As a result we are seeing strong investor sentiment in the medical offices sector.”

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