Investcorp expands $3.5 billion U.S. industrial real estate portfolio with $640 million acquisition – News

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The properties bring Investcorp’s U.S. industrial real estate holdings to approximately $3.5 billion across approximately 32 million square feet comprising more than 425 buildings



The latest acquisitions provide Investcorp with class B+/B industrial warehouses that are 95% leased. — File photo

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Published: Tue 15 Feb 2022, 18:57

Investcorp, a Bahrain-based asset manager that counts Mubadala Investment Company as its largest shareholder, announced on Tuesday that it has acquired 64 industrial properties totaling approximately 5.6 million square feet across seven major U.S. markets for an aggregate value of $640 million. dollars.

The properties bring Investcorp’s U.S. industrial real estate holdings to approximately $3.5 billion across approximately 32 million square feet comprising more than 425 buildings, a company press release said Tuesday.

The latest acquisitions provide Investcorp with class B+/B industrial warehouses that are 95% leased.

“We are delighted to have made a new acquisition in the industrial and logistics sector, as this sector continues to benefit from tailwinds, mainly driven by an increase in e-commerce, which have been accentuated by the pandemic,” said Yusef Al. Yusef, managing partner of Private Wealth at Investcorp, said.

“We believe that through such acquisitions, we will further strengthen our position as a global leader in alternative investing,” he said.

“Our investment strategy has long approached the U.S. industrial market with optimism, due to increased demand driven by the rise of e-commerce and evolving supply chain challenges,” said Khulood Ebrahim, real estate products at Investcorp.

“We believe our latest acquisitions, which open up access to coveted industrial markets across the country, should be well-equipped to offer attractive potential returns to our investors.”

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