Investcorp builds Euro 1 billion European real estate portfolio

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

Investcorp, a leading global provider and manager of alternative investment products, announced it had completed the acquisition of ten UK industrial assets, comprising c. 660,000 sq ft, via four transactions for a combined purchase price of £56.7 million.

Since launching its European real estate business in 2017, Investcorp has invested approximately Euro 1 billion into 80 properties across the UK, Germany, The Netherlands, Italy and Belgium.

The recent industrial acquisitions comprise three multi-let and seven single-let industrial properties in Bedford, Warrington, Stone, Gateshead, Stockton-on-Tees, Christchurch, Aberdeen, Skelmersdale, Cumbernauld, and Cannock.

This brings the total number of transactions that Investcorp completed in the UK industrial and logistics market to 15, comprising 53 properties with a combined area of approximately 4.6 million sq ft.

Investcorp has deployed £315 million into this segment over the past four years. In June of this year, Investcorp acquired Anchorage 1 & 2, an office property in Salford Quays, Manchester. Anchorage 1 & 2 comprises two multi-let Grade A office buildings, totalling 149,168 sq ft.

Khulood Ebrahim, Real Estate Product Specialist at Investcorp, said: “With a diverse and well-leased base of tenants, we believe that this portfolio will continue to have the potential to generate solid cash flows for our investors.” Mohamed Al Sada, Head of Bahrain and Kuwait for Investcorp’s Private Wealth, said: “The UK industrial sector is primed to become one of the driving forces behind the UK’s real estate market, and we believe that our portfolio is well-positioned to benefit from this flourishing market.”