Investcorp, a Bahrain-based company and a leading provider and manager of alternative investment products, makes its first real estate acquisition in Europe.
It has acquired two modern warehouses in one of the most important distribution locations in the UK: Doncaster. The company also bought a light manufacturing facility on the Sutton Fields Estate, which is the largest industrial estate within Hull.
The assets were acquired for a total of $45.4 million by Investcorp and in partnership with UK-focused real investment group Brydell Partners.
Mohammed Al Ardhi, the executive chairman of Investcorp said: “Today’s announcement marks the beginning of an exciting new chapter for Investcorp’s European real estate operations. Our US real estate arm has seen some great success investing in the industrials and logistics space and we look forward to leveraging and replicating that experience and success in Europe as we approach our medium-term target of $25 billion AUM (assets under management) and are actively working on a strategy to increase that to $100 billion.”
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