Dubai-based real estate development and investment group Sweid & Sweid has completed the sale of River Park 10, a Class A industrial development in Atlanta, Georgia, to Georgia Power, the state’s largest public utility company. The transaction, valued at AED 350 million, marks another milestone in the company’s growing U.S. investment portfolio.
River Park 10 covers 825,000 square feet and was sold to Georgia Power for its own use. The project’s scale, quality and strategic connectivity were cited as key factors behind the swift transaction.
“This sale is another successful exit for our group,” said Maher Sweid, Managing Partner of Sweid & Sweid. “Our track record in the U.S. speaks for itself. After eight years of deploying capital across multiple markets and asset types, we have honed our ability to identify opportunities that deliver superior risk-adjusted returns.”
Expanding U.S. footprint
Sweid noted that the company has been active in the U.S. Sun Belt region, completing three projects in the past year alone. He added that the firm is now in advanced stages of securing new industrial investments across the country.
The company’s U.S. strategy is centred on industrial real estate, with demand for large-scale, high-quality facilities continuing to rise. The Sun Belt region, which has attracted significant logistics and manufacturing investment in recent years, remains a focal point for Sweid & Sweid’s expansion.
Parallel growth in Dubai
Alongside its U.S. activities, Sweid & Sweid is expanding in its home market. The company recently launched Terralogix, a 3.3 million square foot logistics facility in Dubai, set to become the largest privately owned logistics park in the emirate. The development is expected to strengthen Dubai’s supply chain infrastructure and act as a critical logistics hub.
“This complements our expansion in Dubai,” said Sweid. “We are positioning ourselves across both local and international markets to capture growth in logistics and industrial real estate.”
River Park master plan
River Park 10 is part of the broader River Park master development, a project spanning more than 1,100 acres with plans to deliver 21 million square feet of industrial space across 16 state-of-the-art facilities.
The site has already attracted major tenants, with recent large-scale leases signed by Procter & Gamble, Amazon Web Services, Travelpro, GreenBox, and Yusen Logistics. Strong tenant demand continues to drive momentum, underlining the strategic significance of the development.
Strategic positioning
For Georgia Power, which has a 120-year operating history, the acquisition of River Park 10 reflects its need for large-scale, strategically located infrastructure to support long-term operations. For Sweid & Sweid, the sale underscores both its ability to execute successful exits and its dual strategy of pursuing industrial growth in the United States while consolidating logistics infrastructure in the Middle East.
With global supply chains under pressure and demand for industrial facilities rising, Sweid & Sweid’s approach highlights the growing alignment between logistics hubs in the U.S. and Gulf markets.
