Bahrain’s GFH acquires residential tower in US for $90m – The National
- Date: 31-Oct-2021
- Source: The National
- Sector:Financial Markets
- Country:Bahrain
Bahrain’s GFH acquires residential tower in US for $90m – The National
GFH Financial Group, an investment bank based in Bahrain, has bought a new building in the US for $90 million as it expands the size of its property portfolio in the world’s largest economy.
The company acquired the residential tower in Baltimore in a joint venture with Broadshore Capital Partners, GFH said in a statement on Sunday to the Dubai Financial Market, where its shares are traded.
Broadshore is owned by Guardian Life, a New York-based Fortune 500 company with more than $71 billion of assets under management.
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