Gaw Capital Partners, a leading multi-asset investment management firm, and GFH Partners, a leading Dubai-based real estate investment firm specializing in thematic property solutions, have formed a joint venture partnership to establish a UAE-focused industrial and logistics platform.
Gaw Capital will hold a majority stake in the joint-venture company, which will serve as a gateway for the Asian capital to be deployed at-scale into the rapidly expanding UAE real estate market. The joint venture will be targeting high-quality industrial development projects comprising pre-identified seed assets across Dubai, Abu Dhabi and Ras Al Khaimah, the Emirates’ fast-growing industrial zones.
The developments will be led by Manrre Developments, a joint venture between GFH and Palmon Group, a seasoned UAE-based industrial conglomerate with over 40 years of institutional experience. This partnership unites proven regional expertise across acquisition, planning and design, development, execution, and operational readiness to deliver exceptional, future-ready warehouses and logistics centers.
“We are thrilled to enter the UAE’s flourishing industrial and logistics market, supported by strong fundamentals, the surge in structural demand driven by government-led initiatives, and heightened global interest in the logistics and industrial asset class. Leveraging the expertise from GFH Partners, this partnership positions us as one of Asia’s leading forerunners in delivering prime industrial facilities in the UAE, providing investors with exposure to a fundamentally undersupplied market.”
Nael Mustafa, CEO of GFH Partners, commented that, “GFH Partners brings on-the-ground specialists, experienced local operators, and a strong track record managing logistics and industrial assets across the GCC. This joint venture allows us to scale that regional expertise even further, capitalizing on the UAE’s robust industrial growth trajectory. Through this partnership with Gaw Capital, we are combining regional insight with global capability to unlock new opportunities in the UAE’s expanding industrial and logistics sector.”
Gaw Capital has established a robust logistics footprint across China, Japan, South Korea, Vietnam and Australia, with investments in 39 projects totaling approximately 3.8 million sqm of GFA. As of the third quarter of 2025, Gaw Capital manages over $3.4 billion in assets under management in its global logistics portfolio.
Since 2014, the firm has acquired, developed, and managed a substantial portfolio of modern logistics facilities with over 3 million sqm of GFA across China, supported by a team of around 100 professionals through 4 investment vehicles. Leveraging its deep expertise, Gaw Capital has expanded into other APAC markets through strategic partnerships, acquiring high-quality assets in key metropolitan hubs.
