Investcorp expands $3.
5 billion US industrial real estate portfolio with $640 million acquisition
MANAMA, 15th February, 2022 – Investcorp, a Bahrain-based asset manager which counts Mubadala Investment Company as its biggest shareholder, today announced that it has acquired 64 industrial properties totaling approximately 5.
6 million square feet across seven major US markets for an all-in value of US $640 million.
The properties grow Investcorp’s US industrial real estate holdings to approximately $3.
5 billion across approximately 32 million square feet comprised of more than 425 buildings, a company press release said on Tuesday.
The latest acquisitions provide Investcorp with Class B+/B industrial warehouses that are 95 percent leased.
Yusef Al Yusef, Managing Partner for Investcorp’s Private Wealth, commented, “We are pleased to have made another acquisition in the industrial and logistics sector as this sector continues to benefit from strong tailwinds, mainly driven by an increase in e-commerce, that were heightened by the pandemic.
We believe that through such acquisitions, we will further strengthen our position as a leading global, alternative investment firm.
”
“Our investment strategy has long approached the US industrial market with optimism, due to increased demand brought about by the rise of e-commerce and evolving supply-chain challenges,” said Khulood Ebrahim, Real Estate Product Specialist at Investcorp.
“We believe that our latest acquisitions, which unlock access to highly coveted industrial markets across the country, should be well-equipped to deliver attractive potential returns for our investors.
”
Share on Facebook «||»
Share on Twitter «||»
Share on Reddit «||»
Share on LinkedIn
H.I.G. Capital Expands Service Portfolio with DX Group Acquisition: In a strategic move to enhance its service portfolio, H.I.G. Capital has successfully acquired DX Group, a leading provider of diverse delivery services in the...
The Industrial Finance Corporation of Mauritius (IFCM) to serve as a catalyst to boost industrial development and accelerate long term economic growth, says Finance Minister: The Industrial Finance Corporation of Mauritius (IFCM) Ltd (formerly the Investment Support Programme Ltd), was launched, today, in the presence of the Minister of Finance,...
Baby Products Brand ‘R for Rabbit’ Expands their Product Portfolio by Launching their First Baby Diaper: The company ventures into a new business line and introduces high-quality Premium baby diapers and wipesIntroduces India’s First Diaper Disposable Bin – Hygo BinR for...
OnlyFans Star Elaina St. James Expands Portfolio with Second Porn Film: …By Joseph Benjamin for TDPel Media. Elaina St. James, a 55-year-old OnlyFans star from Chicago, has made her second porn film with male co-star Ryan...
Travis Kelce, Kansas City Chiefs Star, Expands His Portfolio as Executive Producer for Dark Comedy ‘My Dead Friend Zoe’ Premiered at SXSW: Renowned Kansas City Chiefs tight end, Travis Kelce, known for his football accolades, unveils a new feather in his cap as an executive producer for...
Accenture Bolsters Digital Portfolio with Acquisition of Work & Co, Enhancing Expertise in Creating Flagship Experiences and Products: Acquisition Boosts Accenture Song’s Digital Capabilities: The recent acquisition of Work & Co by Accenture, initially announced on January 9, 2024, has significantly strengthened Accenture...
Wazoku Expands Innovation Suite with Acquisition of PosterLab: In a strategic move to enhance its enterprise offerings, Wazoku has successfully completed its latest acquisition of PosterLab, marking the company’s fifth acquisition since 2020....
Welcome to the Jungle Expands Global Reach with Strategic Acquisition of Otta, Enhancing Job Matching Technology and Employer Branding Solutions: Welcome to the Jungle Expands Global Presence through Otta Acquisition In a strategic move to fortify its position in the job marketplace, Welcome to the...
VidIQ Expands Educational Arsenal with Strategic Acquisition of Creator Now, Paving the Way for Enhanced Creator Support: VidIQ Makes Strategic Move with Acquisition of Creator Now In a groundbreaking development, VidIQ has successfully acquired Creator Now, signaling a significant advancement in the...
AArete Expands Technology Solutions with Acquisition of Legerity: AArete, a global management and technology consulting firm, has successfully completed the acquisition of Legerity. While the financial details of the deal remain undisclosed, this...