Manrre is incorporated in the Dubai International Financial Center (DIFC) as a closed-ended investment company and is an Exempt Fund, a Real Estate Investment Trust and a Property Fund pursuant to the laws and rules of the Dubai Financial Services Authority. The Fund is available only to Professional Clients (as defined by the Dubai Financial Services Authority).
The Manrre investment opportunity is built on a diversified, independently managed portfolio of institutional grade commercial assets usually available to corporate investors. Now, eligible investors across the globe are invited to get access to assets with steady returns.
GFH Partners Ltd., the dedicated real estate asset management arm of GFH Financial Group, is a leading regional and international player overseeing more than US$6 billion in assets across the US, UK, Europe, and the GCC. Headquartered in the Dubai International Financial Centre (DIFC) and regulated by the Dubai Financial Services Authority (DFSA), GFH Partners is built on a foundation of robust governance, institutional-grade expertise, and a commitment to delivering consistent, long-term returns for its investors.
The firm specializes in thematic investing, identifying sectors with sustained growth potential and structural demand drivers. Its focus areas include Logistics & Industrial real estate, Healthcare real estate and The Living sector.
GFH Partners has distinguished itself through its ability to design and manage fully Shari’ah-compliant structures, aligning with investor preferences in the GCC while still meeting global institutional standards. Its investment philosophy emphasizes diversification, risk management, and scalability — ensuring that each platform can evolve to meet the demands of both local and international investors.
The firm’s entry into the UAE’s logistics and industrial real estate market was marked by its strategic investment in Manrre, the platform founded by Palmon Group. Following regulatory approvals, GFH Partners assumed the role of Fund Manager, transforming Manrre into a Shari’ah-compliant investment vehicle, regulated by the DFSA. This shift not only expanded the fund’s reach and appeal but also positioned it to pursue acquisitions in high-demand markets across the UAE.
Founded in 1974 in Mumbai by Mr. Manohar Lahori and relocating to Dubai in 1985, Palmon Group is one of the UAE’s most established and respected family-owned conglomerates.
Palmon’s strengths lie in its deep regional knowledge, operational excellence, and proven ability to diversify and adapt. Over more than five decades, the Group has played a significant role in the country’s growth, diversifying into multiple sectors including logistics, industrial development, retail, trading, and hospitality.
Since 2001, Palmon has been at the forefront of logistics and industrial real estate, a sector where it has built a strong reputation for reliability, investor trust, and long-term value creation. This expertise culminated in the launch of Manrre REIT in 2018 and thus, reinforced Palmon’s position as a leading developer and property manager of logistics-focused real estate in the UAE, combining consistent income with sustainable growth.
Focus on industrial and logistics real estate in high-barrier-to-entry markets
Require specialist management capabilities for these asset classes
Add value through diversification and risk management
Leverage market and credit cycles to enhance performance
Maintain emphasis on high yields alongside capital preservation
Utilize strategies such as sale-and-leaseback, distressed acquisitions, and build-to-suit developments
Capture demand for logistics assets driven by technology and e-commerce sectors
Align with the global shift towards asset-light business models
Target high occupancy, stable tenants, and long lease terms
Provide tenants with value through high-quality facilities and operational expertise
Kunal Lahori — Director
Properties managed by Palmon Group.
Stay up to date with the latest news and insights from the Manrre fund by subscribing to our email list.
* We only use your personal information to respond to your enquiry and provide relevant updates or services you request. Your details will never be shared with third parties without your consent. For more information, please see our Privacy Policy.
© 2025 Manrre Real Estate Investment Trust. All Rights Reserved. Website by Guild.
Manohar Lahori is an Indian business magnate, investor, and philanthropist, considered by some to be one of the most successful investors in Dubai.
Over 40 years ago Manohar Lahori established his first business venture, a garment factory under the name of Palmon Exports in Mumbai, India. A decade later, in 1985 Palmon moved its operations to Dubai after a meeting with late Sheikh Rashid Bin Saeed Al Maktoum and so Palmon became one of the first companies to establish in UAE’s first free zone – Jafza.
Palmon Group made its name by shipping apparel to high-demand retailers in the US and Europe, including the likes of Walmart, Marks & Spencer and Gap.
Manohar has been recognized with many esteemed awards, including being CEO of the year, on the Forbes List for Top Indian Leaders in the Arab World, Arabian Business Top Leaders, Indian Power List and Top Indian Businessmen in the GCC.
Nael Mustafa is the Chief Executive Officer of GFH Partners Ltd., the real estate asset management arm of GFH Financial Group that provides real estate asset management, investment and advisory services. Nael also serves as the Co-Chief Investment Officer – Real Estate of GFH Financial Group, where he is responsible for developing and executing the Group’s global real estate investment strategy and oversight of its growing portfolio of assets across the Middle East, Europe and the US. Nael has more than 31 years of experience in investment banking with a proven record in regional and international alternative investments.
Prior to joining GFH in October 2020, Nael spent 17 years at Arcapita in a number of senior positions. Most recently, he was Managing Director for Strategic Investments & Business Development, a Member of the Global Investment Committee and a Board Member of Real Estate Funds and Private Equity. During his tenure at Arcapita, Nael led the Middle Eastern Real Estate platform which oversaw the launch and management of over $1bn of logistics assets funds in the region, served as a member of the global real estate executive committee and help the board membership and active management position in a number of international real estate portfolios and businesses owned by Arcapita. Previously, Nael was the Head of Corporate Finance at SICO Bank in addition to working with BNP Paribas and GM TAIB Securities in Bahrain.
Nael is a Charted Financial Analyst and holds a B.Sc in Accounting and Finance from the University of Bahrain and an MBA from Edinburgh Business School.
Kunal Lahori is the Managing Partner of Palmon Group, Kunal joined the Group in 2002 and served over a decade in different positions and was instrumental in establishing the Group as a major player in a range of sectors including logistics, retail, interiors, security and business storage solutions. Kunal conceptualized and led the charge to create Manrre, the region’s first industrial & logistics focused real estate fund.
Kunal has a rock-solid foundation in real estate which spans from construction, acquisition and investment. His true strength lies in asset management where he has optimized returns and asset value through tenant relationships and creative solutions. Kunal strives to be the best in whatever he pursues. He is known to be a perfectionist and pays meticulous attention to detail.
Meher Mirchandani is a Director of Palmon Group and over the past years, Meher has inspired and spearheaded HR and talent acquisition to achieve notable results. As one of the Forbes Top Indian leaders, Meher recognises that culture is the cornerstone of an organisation and is responsible for creating and building a conscious culture with a growth mind set that empowers leaders to build strong, motivated and efficient teams.
Meher is dedicated to the growth of the employees believing that excellence is not a skill; it’s an attitude. Her leadership principle is that “success is something you attract by the person you become. It is your dedication to consistently grow yourself that will yield you the life you desire”. When you focus on the growth of the team player the company grows inevitably. A developmental coach and author, Meher is on the board of Entrepreneurs’ Organization and has strong passion for CSR and encouraging entrepreneurship in the UAE.
Talal is the Chief Operating Officer of GFH Partners Ltd., bringing more than 18 years of experience in Banking, Strategic Investments and Financial experience to his role.
Prior to his current role, Talal served as the Acting Chief Executive of Infracorp, and was the Assistant General Manager of Investments in Khaleeji Bank where he was responsible for managing investment transactions and restructurings of corporate banking assets.
Talal holds a Bachelor of Science in Banking and Finance from the University of Bahrain.
Mr. Bin Fahad is an astute, insightful and respected venture capitalist. His primary area of focus is his strategic investment in a broad spectrum of companies across multiple sectors – from those in the start-up stage of development, to those requiring cash injections to realize their full potential, through to more mature companies in expansion or later stages of their development. He is involved in an Executive capacity with Unifund Capital; an Investment Bank headquartered in Abu Dhabi, and also sits on the Board of Directors of several high profile institutions within the UAE, including banks and investment firms in both Abu Dhabi and Dubai. Mr. Bin Fahad was also, for eight years, a Board Member of FoodCo Holding PJSC, set up in 2006 as a result of the growth and diversity of the Abu Dhabi National Foodstuff Company, The board of directors of Foodco Holding assumes the responsibility for the strategic oversight and governance of the entire group, making decisions on acquisitions and divestments, as well as providing treasury, human resources and auditing functions for all companies within the group.
Gaurav is the Founder & Managing Partner at CoReal Partners, a boutique M&A advisory firm with Real Estate, Healthcare and Education sector focus, both in the Middle East and the US.
Gaurav has over 25 years of experience in the real estate & hospitality sector, eighteen of which has been in the Middle East and has had extensive involvement in investments, fund raising, advisory and operations of mid and large scale real estate projects during his career.
Over the past decade, he has been involved in over US$ 3 billion of real estate transactions, equity & debt raising, sale & leaseback and build to suits across all real estate assets classes and across the entire GCC and Egypt. This includes three pan-regional real estate funds where he was led the conceptualising, structuring and raising for over US$ 500 million of fund corpus. Gaurav has deep relationships across the investor landscape in the region and regularly advises leading private families, asset managers and institutional investors on investments and divestments in the region.
Joseph has over 17 years of commercial real estate investment experience in Europe, the United States and the Middle East and currently leads Cantor Fitzgerald’s MENA capital markets business, focused on capital raising and investment strategies. Previously, he led Knight Frank’s MENA investment team for over 10 years, sitting on both the global capital markets board and regional leadership committee, and in this role advised international institutions, pension funds, property companies and private individuals on their real estate investment holdings, both regionally and internationally. This included exclusively advising on the sale of the largest single office asset transaction ever undertaken in the Middle East. He holds a First Class degree in Business from the University of Wales and a Master’s degree in Property Valuation and Law from Cass Business School. He is a Member of the Royal Institution of Chartered Surveyors and a Member of the Investment Property Forum.
GFH Partners Manrre REIT (CEIC) PLC (the “Fund”) is a closed-ended investment company and is classed as an Exempt Fund, a Property Fund, a Real Estate Investment Trust, and an Islamic Fund established in the Dubai International Financial Centre (“DIFC”). The Fund is registered with the Dubai Financial Services Authority (“DFSA”) under the DFSA Collective Investment Rules (CIR). The Fund is managed by GFH Partners Ltd., a company incorporated in the DIFC and licensed by the DFSA to carry out the financial service of Managing a Collective Investment Fund under DFSA Reference Number: F000064
The information contained on this website is intended solely for access by persons who meet the DFSA’s definition of a “Professional Client”, as set out in the Conduct of Business Rulebook (COB). This includes regulated financial institutions, large undertakings, government bodies, and high-net-worth individuals or entities who meet the relevant financial thresholds.
This website does not constitute a public offer or financial promotion, nor does it solicit the offering of units in the Fund. The Fund is not open to Retail Clients and no services are offered to such persons by GFH Partners Ltd. through this website.
Any investment involves substantial risks. The offering documents for the Fund contains risk warnings which are specific to the Fund and which you should consider carefully before taking any decision to invest.
Past performance is not a reliable indicator of future performance. The value of investments and the income from them can go down as well as up and investors may not get back the amount originally invested and may lose all of their investment.
The list of risk factors above is not complete. An application for interests in the Fund should only be made having fully and carefully read the relevant prospectus, the latest financial reports and other offering documents for the Fund.
By accessing this website, you confirm and acknowledge that:
GFH Partners Ltd. does not accept any responsibility or liability for loss or damage arising from the use of, or reliance upon, any information on this website. Information may be amended, updated, or withdrawn without notice.
I confirm I classify as a Professional Client under DFSA Regulations and understand the disclaimers, limitations and regulatory notices as outlined above.
Townsend brings with him more than 25 years of professional experience across the Middle East and North Africa (Mena) region, advising financial institutions, developers, funds and business organizations with more than 13 years within the UAE and GCC regions.
Simon has founded his own practice where he offers the following:
– real estate investment & advisory
– private equity advisory & investment
– private debt
– securitization products
– venture capital
– corporate restructure
His focus is on real estate, prop tech, fintech, automotive, agriculture, healthcare, education and tech sectors.
He is a dynamic leader and has a proven track record of building and empowering teams to achieve enhanced performance
A holder of BSc (Hons) Urban Land Economics degree from the Sheffield Hallam University, he brings both advisory and capital markets skills sets; long experience within the Gulf region; and exceptional connectivity.
Imran is an Executive Director with over 18 years of investments and management experience across Europe and the Middle East. Active in investments & acquisitions, real estate transactions, complex deal structuring, asset management, business development and investment strategy. He has participated in numerous talks and panel discussions covering REITs and investments.
Imran founded BlackOak Global in September 2021, which focuses on providing shareholders and partners with exceptional value through carefully selected real estate opportunities.
In June 2017, Imran started CTZN Cosmetics, UK as a founding shareholder and is currently a board member.
He has worked as the Chief Investment Officer with Peninsula Real Estate, constructing risk-weighted, diversified real estate portfolio across the Middle East.
He has worked as the Chief Investment Officer for Dubai Healthcare City offering medical and healthcare providers with a ‘one-stop shop’ solution to set up operations and avail free zone benefits. The investment product portfolio has clinical, commercial, retail, business centre and free-hold land.
He has worked as the Head of Investments & Acquisitions with Equivitativa Group, working closely with Emirates REIT.
Zachary Cefaratti is principal founder of Dalma Capital Management Limited. Mr. Cefaratti has over 12 years of professional experience in the financial services industry. He is a founding member of the AIMA Middle East Executive Committee and of AIM Summit (the leading alternative investment management conference in the Middle East) and is a prominent figure in the UAE funds industry.
Mr. Cefaratti studied at Franklin University, Switzerland, Foster School of Business at the University of Washington, London School of Economics and University of Pennsylvania and holds a dual Bachelor’s degree in International Business Management and International Banking and Finance, accredited in the United States and Switzerland.
James Masacorale is an experienced corporate development director with 19 years of experience across UK, Europe, US and Asia. He is specialized in M&A, strategy, integrating and restructuring companies and, managing/transforming organizations from takeover through to disposal. He has an excellent understanding of the legal, financial, regulatory, IP, cultural and environmental factors impacting M&A of both public and private companies.
Mr. Masacorale also has excellent negotiation, influencing and selling skills at all operational levels, including that of foreign governments. He also has a strong and proven ability across the whole M&A process from creating opportunities for new business and building a pipeline of M&A targets, through due diligence, legal documentation, completion and integration.
Howard Leedham is a senior management executive with extensive experience in business development, capital raising, risk management and strategic planning.
Mr. Leedham is a former military officer with numerous accolades as a Royal Navy Pilot, Special Forces Commander and Operator and was awarded an MBE. Mr. Leedham left the military in the late nineties to pursue business goals and to leverage his knowledge of operations management.
Howard was recruited to Dalma Capital in 2013 and has led the Company through its Dubai FSA and Malta FSA regulatory approvals.
Mishal Kanoo is a Director at Dalma Capital and Chairman of The Kanoo Group, one of the largest and most diverse family owned groups of companies in the Middle East.
Mr. Kanoo, a UAE national, is also a Director of AXA Insurance Gulf, Gulf Capital, KHK & Partners Limited and Johnson Arabia LLC. He finished his schooling in Dubai and holds two MBA’s in finance from the University of St Thomas, Houston Texas and the American University of Sharjah. He started his professional experience with Arthur Andersen in Dubai as an Auditor before taking up his current position in 1997 with the Kanoo Group. Mr. Kanoo has a reputation as a futurist and strategist with a strong track record of forecasting economic developments in and around the Middle East.
