The global alternative investment firm, Arcapita, has acquired a portfolio of income-generating logistics assets in Dubai for a total transaction value of approximately USD 150 mn, Invest-Gate reports.

“We aim to capitalize on the burgeoning logistics sector of the UAE, which is increasingly being driven by the growth of e-commerce and the increase in regional trade to create a diversified logistics platform, covering the entire spectrum of the sector and delivering a stable yield and compelling returns for our investors,”  Arcapita’s CEO Atif Abdulmalik.

According to a statement, this transaction, together with eight warehousing facilities in the Al-Quoz area of Dubai acquired by Arcapita last year, will bring the value of Arcapita’s UAE logistics portfolio to USD 250 mn.