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Investcorp adds USD 300 mn in industrial real estate to its US portfolio: Mubadala-backed global alternative investment firm Investcorp acquired three industrial portfolios in the US, totaling around 1.5 mn sqft, for some USD 300 mn (AED 1.10 bn), according to a company statement. The transaction will see approximately 1.5 mn sqft added to Investcorp’s USD 5.3 bn US industrial portfolio across Dallas, Atlanta, Tampa, and the West Coast.
The move comes as Investcorp looks to capitalize on industrial and manufacturing landscapes in the US. “We continue to see strong performance and compelling investment opportunities for existing infill assets in high-growth markets,” Co-Head of Real Estate North America at Investcorp Herb Myers said.
