What's Hot

    Mercedes-AMG EQE 53 4MATIC+ SUV: Unleash the beast with breathtaking power

    June 9, 2023

    Disney’s The Little Mermaid sinks at the box office, fails to make waves

    June 9, 2023

    Costa Rican zoo defies science with mind-blowing crocodile Virgin Birth

    June 8, 2023
    Facebook Twitter Instagram
    UAE NewsbriefUAE Newsbrief
    • Automotive
    • Business
    • Entertainment
    • Health
    • Luxury
    • Lifestyle
    • News
    • Sports
    • More
      • Technology
      • Travel
    UAE NewsbriefUAE Newsbrief
    Home » Investcorp acquires industrial portfolio in Wales
    Business

    Investcorp acquires industrial portfolio in Wales

    February 14, 2021
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email

    Investcorp, a Bahrain-based asset manager that counts Mubadala Investment Company as its biggest shareholder, on Monday announced that one of Investcorp’s affiliates has acquired a portfolio of 13 multi-let industrial assets in South Wales. The acquisition continues Investcorp’s strategy of investing in industrial real estate and represents its first real estate investment in the Welsh market, the company said in a statement on Monday.

    Strategically located in close proximity to key transport connections in the wider Cardiff region, the portfolio comprises 1.1 million square feet of industrial, warehouse and distribution accommodation and is currently 87 percent leased by a diverse group of tenants spanning SMEs, manufacturers, trade counter occupiers and distribution companies.

    The acquisition marks Investcorp’s 11th property investment in the UK since launching its European real estate business in 2017, having consistently grown the platform and deploying approximately €800 million across its European portfolio. This includes acquiring more than 40 industrial and logistics properties in the UK, with a combined area of approximately 4 million square feet. In addition, the sale of a portfolio of UK industrial assets to Mileway was completed in October 2020.

    Khulood Ebrahim, Real Estate Product Specialist at Investcorp, said, “Industrial, warehouse and logistics real estate are experiencing strong demand to enable e-commerce. We are pleased to further enhance our industrial real estate footprint in the UK by expanding into Wales. Given the limited supply and heightened demand for well-located industrial real estate, we believe that there continues to be the potential for further growth and value creation for the asset class.”

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    EU’s €1.1 billion bicycle exports highlight shift to sustainable living

    June 3, 2023

    Strengthening UAE-India relations: Top diplomats discuss economic partnership

    June 3, 2023

    Global clean energy investment set to reach $1.7 trillion, overtaking oil production

    May 27, 2023
    Latest News

    Mercedes-AMG EQE 53 4MATIC+ SUV: Unleash the beast with breathtaking power

    June 9, 2023

    Disney’s The Little Mermaid sinks at the box office, fails to make waves

    June 9, 2023

    Costa Rican zoo defies science with mind-blowing crocodile Virgin Birth

    June 8, 2023

    Crisis deepens in Japan as birth rate reaches all-time low, fueling demographic concerns

    June 7, 2023
    © 2021 UAE Newsbrief | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.