Bahrain’s GFH exits from Amazon Warehouse Portfolio in Spain

Bahrain’s GFH exits from Amazon Warehouse Portfolio in Spain

Bahrain-based leading financial group GFH announced that its European subsidiary, Roebuck Asset Management, has completed an exit from its Amazon Last Mile Logistics Warehouses Portfolio, covering an area of 140,000 square meters in Spain.

The GFH portfolio, which was acquired in 2020, comprises three strategically located, high-quality assets leased to Amazon Road transport Spain (SLU).

According to the GFH statement, the last-mile delivery facilities, spread across Murcia, Alicante, and Valladolid, form a critical part of Amazon’s rapidly expanding Spanish logistics network.

Online sales accounted for unprecedented levels of total retail sales during the COVID-19 pandemic, spiking as high as a third in some European countries during lockdowns.

Over the past decade, Spain’s e-commerce market has grown to over $5.5 billion, expanding by an average of more than 13 percent annually. Amazon has invested nearly $3.3 billion in Spain over the past decade and has seen its revenue stream rise fourfold in the last few years. It increased the need for last-mile supply assets that facilitate and reduce delivery times.

Roebuck took an active asset management approach during the holding period. It also oversaw the completion of the development and the takeover by the tenant, and actively sourcing a suitable buyer to secure the exit, the