Investcorp Announces Completion of First European Real Estate Portfolio

The completion of the Firm's debut European portfolio – its UK Industrial and Logistics portfolio - is the first step in the Firm's ambition to build on its success in the US, where it is one of the biggest international real estate investors.  The European strategy, which aims to create a portfolio of income generating assets for investors, was launched in 2016.  Following this acquisition, Investcorp's European real estate investment already exceeds $100 million. 

Investcorp 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."

Neil Hasson, Managing Director in Investcorp's Real Estate Investment division in Europe, said: "We are delighted to announce the completion of our first European real estate portfolio, following the addition of these seven assets in the UK. The portfolio is well-positioned to benefit from the growing demand for industrial and logistics assets in the UK and the sector's strong, underlying fundamentals.

Today's announcement highlights the success and competitiveness of our recently formed European team and puts us in a strong position for the year ahead."

Investcorp's third real estate investment consists of a portfolio of seven industrial properties across the UK, for a total purchase price of approximately £40m. The portfolio of properties forms part of Investcorp's UK industrial and logistics programme, which made its first acquisitions in June of this year. The new investment consists of single- and multi-let assets in the UK industrial and logistics sectors.

The investment announced today comprises approximately 700,000 sq ft across three single let distribution warehouses and four multi-let light industrial properties.  The properties are located in High Wycombe, Leeds, South Elmsall, Liverpool, Warrington, Glasgow and Edinburgh, have a very high level of occupancy rate with more than 40 tenants including many well established occupiers.

The investment has been made in partnership with Citivale, a UK-based asset manager.

About Investcorp

Investcorp is a leading global provider and manager of alternative investments, offering such investments to its high-net-worth private and institutional clients on a global basis. Led by a new vision, Investcorp has embarked on an ambitious, albeit prudent, growth strategy. The Firm continues to focus on generating investor and shareholder value through a disciplined investment approach in four lines of business: corporate investment, real estate, alternative investment solutions and credit management.

As at June 30, 2017, the Investcorp Group had $21.3 billion in total AUM, including assets managed by third party managers and assets subject to a non-discretionary advisory mandate where Investcorp receives fees calculated on the basis of AUM.

Since its inception in 1982, Investcorp has made over 170 corporate investments in the U.S., Europe and the Middle East and North Africa region, including Turkey, across a range of sectors including retail and consumer products, technology, business services and industrials, and more than 450 commercial and residential real estate investments in the U.S., for in excess of $55 billion in transaction value.

Investcorp employs approximately 390 people across its offices in Bahrain, New York, London, Abu Dhabi, Riyadh, Doha, and Singapore. It is publicly traded on the Bahrain Bourse (INVCORP). For further information, including our most recent periodic financial statements, which details our assets under management, please visit:  www.investcorp.com.

SOURCE Investcorp

Related Links

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