Roebuck Asset Management, a UK-based unit of Bahraini investment bank GFH Financial Group, and ICG Real Estate have formed a joint venture to buy logistics assets in Spain.
The joint venture with ICG, the real estate arm of London-listed Intermediate Capital Group, will target €400 million ($409m) “index-linked long income assets” through direct sale and leaseback opportunities or secondary acquisitions over the next 18 months.
The joint…