Ali Al Ghannam

Kuwait Finance House, an investment firm from Kuwait, announced that it acquired a warehouse property for logistic services in Sweden for $70 million.

Hallsberg, the city where the property situated, is considered a logistic services hub for the local and international companies for supplying the main Swedish cities and an exporting center to the neighboring Nordic countries. The property with a built up area of 70,000 square meters is leased to Ahsell, a trading and distributing equipments firm, for a long term lease contract.

Kuwait Finance House is listed in the Middle East Investors Directory with the code LIP07.

More details follows

Kuwait Finance House (KFH) signed a direct residential real estate investment deal in Chicago with a total cost of $242 million. The compound includes 40 floors and is currently under construction.

Kuwait Finance House will continue to seek opportunities in the real estate markets of the United States, Europe, South East Asia and China in order to accomplish investment opportunities. They will focus on income producing assets with attractive yields and guaranteed occupancy levels. (The International Real Estate Department ManagerAli Al-Ghannam stated that KFH owns 95% of the project)

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Their full press release follows