Bahrain-based Investcorp has bought ten industrial assets in the United Kingdom, taking its investment in European real estate to around $1.15 billion.
Recent industrial acquisitions, with a combined purchase price of $76.5 million, comprise three multi-let and seven single-let industrial properties located in Bedford, Warrington, Stone, Gateshead, Stockton-on-Tees, Christchurch, Aberdeen, Skelmersdale, Cumbernauld, and Cannock.
It brings the total number of transactions that Investcorp has now 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 now deployed $425 million into this segment over the past four years.
#Investcorp completed the acquisition of ten UK industrial assets. Since launching its European real estate business in 2017, Investcorp has invested approximately €1 billion into 80 properties across the UK, Germany, The Netherlands, Italy and Belgium. https://t.co/J2hMqvDwAR pic.twitter.com/172vjyCyVO
— Investcorp (@Investcorp) November 8, 2021
Khulood Ebrahim, real estate product specialist at Investcorp, said: “The UK industrial sector is set to become one of the strongest drivers of real estate, as Covid-19 has rapidly accelerated the shift to online retailing and the resulting demand for industrial space. 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.”
Since launching its European real estate business in 2017, Investcorp has invested approximately $1.15 billion into 80 properties across the UK, Germany, The Netherlands, Italy and Belgium.
Yusef Al Yusef, managing partner for Investcorp’s Private Wealth, said: “The global reach and expertise of Investcorp’s real estate team has enabled us to source attractive logistics properties to meet growing investor demand for the asset class.”
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