DSV Dubai joins Arcapita for warehousing expansion
Global real estate advisor, CBRE, said it has provided strategic investment agency advice to the Dubai unit of Danish transport and logistics group, DSV, on its partnership with Bahrain-based Arcapita to acquire DSV’s warehousing facilities in Dubai’s Jebel Ali Free Zone (Jafza) and Dubai Investments Park through a strategic sale & leaseback agreement. Jonathan Briggs, Head, Industrial & Logistics, CBRE Middle East, said, “We are delighted to have supported DSV on one of the largest open-market industrial and logistics sale and leaseback deals in the UAE.” The transaction involved latest facilities located in 99,932 sq. mt. in Jafza and 22,955 sq. mt. in DIP. DSV’s partnership with Arcapita marks a vital step forward for the logistics sector in the UAE and the Middle East region. “We look forward to completing the overall sales programme during this year,” said Briggs. Over the last year, CBRE has worked closely with DSV on key transactions across the UAE, Egypt, Oman, and Jordan, he added.