CBRE advises DSV on investor-backed sale and leaseback transaction

18 August 2023 2 min. read

DSV has partnered with Arcapita to acquire DSV’s warehousing facilities in Dubai’s Jebel Ali Free Zone and Dubai Investments Park through a sale and leaseback agreement. CBRE provided investment advice to the transaction.

Covering a combined area of 99,932 square meters in JAFZA and 22,955 square meters in DIP, the transaction will help DSV advance its logistics footprint in Dubai backed by an innovative financial re-engineering construction.

A globally operating provider of logistics services (air, land and sea freight) and warehousing solutions, DSV’s Dubai wing provides its services to clients across the UAE and Middle East region.

CBRE advises DSV on investor-backed sale and leaseback transaction

“These cutting-edge warehousing facilities symbolize our commitment to advancing the logistics landscape in the UAE and the Middle East. As we stand at the crossroads of innovation and efficiency, we are poised to redefine industry standards and deliver exceptional solutions to our clients,” said Chrys Mendonca, Managing Director of DSV.

Isa Al Khalifa, Director of MENA Real Estate at Arcapita, added: “This strategic partnership with DSV reflects Arcapita’s commitment to expanding our presence in this dynamic region. These facilities will enhance our capabilities to deliver exceptional value to our clients and partners, while further solidifying our position as a leading player in the logistics and real estate sectors.”

“We look forward to leveraging our expertise and resources to optimize these assets and contribute to the growth and development of the regional supply chain.”

With over $30 billion of assets under management, Arcapita is one of the region’s larger alternative asset managers. Headquartered in Manama, Arcapita also operates from offices in the United States, the United Kingdom, Saudi Arabia, and Singapore.

For CBRE, the deal continues a longstanding relationship with DSV. The firm previously supported several key transactions across the United Arab Emirates, Egypt, Oman, and Jordan, said Jonathan Briggs, Head of Industrial & Logistics at CBRE. “We are delighted to have supported DSV on one of the largest open-market industrial and logistics sale and leaseback deals in the UAE of late.”