Bahrain's Investcorp completes first European real estate portfolio

Bahrain-based Investcorp has announced the completion of its first European real estate portfolio following the acquisition of seven additional assets.

The completion of its debut European portfolio – a UK industrial and logistics portfolio - is the first step in Investcorp’s ambition to build on its success in the US, a statement said. 

It added that the European strategy, which aims to create a portfolio of income generating assets for investors, was launched in 2016 and investment already exceeds $100 million.

Investcorp said it will continue to explore multiple other European strategies, targeting income generating assets across various sectors and European geographies.

Mohammed Alardhi, executive chairman of Investcorp, said: “As we embark on our next phase of growth, I am pleased that our European real estate team is making significant progress in building out its property portfolio. This deal is further evidence of the momentum we’re creating in this important pillar of our growth strategy.

"The strength of our global network combined with our local expertise provides Investcorp with a leading edge in sourcing and originating real estate deals across Europe, providing the potential for long-term attractive returns for our investors.”

Investcorp’s latest investment consists of a portfolio of seven industrial properties across the UK, for a total purchase price of approximately £40 million. It comprises approximately 700,000 sq ft across High Wycombe, Leeds, South Elmsall, Liverpool, Warrington, Glasgow and Edinburgh.