Now Reading
Bahrain’s Investcorp acquires $300m of US warehouses

Bahrain’s Investcorp acquires $300m of US warehouses

The company now owns 14 million square feet of US industrial assets

Bahrain’s Investcorp on Monday announced its acquisition of a US industrial real estate portfolio worth approximatly $300m.

The investment spans 4.5 million square feet and includes 56 industrial properties, including warehouse, light manufacturing and flex buildings, across seven metropolitan markets, the firm said.

These include nine multi-tenant warehouses in Minneapolis, 16 warehouse/buildings in Dallas, 14 in Chicago, nine in Philadelphia and Delaware, five in Phoenix, two in Houston and one in San Antonio.

The space is 90 per cent leased by tenants across e-commerce, manufacturing, design, wholesaling and food services, Investcorp indicated.

“This investment will help our clients gain and increase exposure to the highly relevant industrial sector in a diversified manner and benefit from some of the secular trends shaping the retailing industry in the US,” said co-CEO Rishi Kapoor.

Investcorp has a portfolio of 550 properties worth $14bn.

The alternative investment firm has acquired nine industrial investments over the last three years and with the latest deal will own 14 million sqft of US industrial assets.

Read: Bahrain’s Investcorp acquires New York office buildings for $156m

You might also like

© 2020 MOTIVATE MEDIA GROUP. ALL RIGHTS RESERVED.

Scroll To Top