Manrre Logistics Fund invests strategically in Jafza, bringing its portfolio to $71.3 million

Manrre Logistics Fund, a private Dubai-based investment firm, announced two strategic investments in Jebel Ali Free Zone (Jafza), DP World’s leading trade and logistics hub, boosting the portfolio’s value by 22.5 % to $71.3 million.

The Jebel Ali Free Zone (Jafza) is a community and ecosystem that supports 14 industries, including logistics, e-commerce, and petrochemicals. It is the flagship free zone of DP World and an essential component of the DP World UAE integrated business hub.

The very first investment is in a facility leased to Infofort, an Iron Mountain subsidiary that specializes in records management, data backup and recovery, document management, and data centers.

The second is AMS Integrated Solutions, a Danish company with operations in nine countries that specializes in fleet management, technical training, and logistical needs for mission readiness.

Both new additions have fully guaranteed 10-year lease agreements in place.

Kunal Lahori, Chief Executive Officer of Manrre, stated that they are very pleased with the new additions to the investment portfolio. Both of these investments align with their strategy of long-term and stable income generation from logistics assets, with a high exposure to the rapidly growing e-commerce market. This allows our investors to benefit from a higher yield as well as a commitment to capital preservation.

Manrre’s additional commitment to collaborating with world-class partners is reflected in its actions, as it has also appointed CBRE as its evaluator and advisor for the fund’s next phase of growth.

They currently have 24 assets in their portfolio, with 77 % being logistics, 12 % being industrial, and 10 % being alternative. The portfolio is well-diversified, with a weighted average lease term (WALT) of 5.3 years. Longer leases provide our investors with more stability and guaranteed future cash flows, which is a risk-mitigation measure.

According to Abdulla Bin Damithan, CEO & Managing Director, DP World UAE & Jafza, DP World’s vision is to lead the world of trade through integrated global logistics solutions, and our flagship free zone, Jafza, makes this possible through seamless connectivity and data-driven solutions provided to over 8,700 businesses from 130 countries. This exceptional commitment has piqued the interest of leading investment firms, such as Manrre Logistics Fund, which believe in the ability of Jafza-based businesses to deliver above and beyond excellence. We have made the best use of our facilities to provide best-in-class facilities to our partners, and these investments further cement Jafza’s position as the ideal business hub to plant and grow, capturing limitless opportunities to scale.

Manrre is indeed expanding their portfolio based on the investment viability of the physical asset rather than the physical location. When considering locations such as Abu Dhabi, Saudi Arabia, and beyond, our team is constantly evaluating them in accordance with our strategy and investment criteria; right asset, right tenant, right industry, long-term growth viability.