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  • 22-01-18

    Dubai bank acquires two German logistics facilities

    (MENAFN) Dubai investment bank Rasmala was revealed to have purchased a couple of logistics facilities in Germany for $185 million with Amazon's new logistics centre in Dortmund among them.

    The bank has acquired the Amazon centre for $145 million while also acquiring a $40 million logistics centre let to a subsidiary of Decathlon, the sports goods retailer.

    The facilities are both placed in the new Grade A Westfalenhuette logistics park, north-east of Dortmund, Germany.

    The acquisition was concluded by Rasmala's asset management subsidiary, Rasmala Investment Bank, as confirmed by the London-listed (AIM) firm.

    MENAFN2201201800450000ID1096376400

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