Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Music Reactor Announces Syn Genre to Soften the Music Industry AI Dilemma

    September 26, 2023

    Eftsure Releases Comprehensive Guide on How Effective Financial Controls Can Mitigate Cyber Fraud

    September 26, 2023

    Are We Stuck in a ‘Travel Bubble’? Travel Habits Exposed in Global Survey

    September 26, 2023
    Facebook X (Twitter) Instagram
    GCC News HubGCC News Hub
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • Sports
    • Technology
    • Travel
    GCC News HubGCC News Hub
    Home » Investcorp acquires industrial portfolio in Wales
    Business

    Investcorp acquires industrial portfolio in Wales

    February 14, 2021
    Facebook Twitter Pinterest LinkedIn 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 WhatsApp Reddit Email

    Related Posts

    From India to Brazil, leadership transition marks G20 Summit’s conclusion

    September 11, 2023

    African Union Inducted into G20 on India’s Initiative

    September 9, 2023

    Biden and Modi cement ties as India ascends global stage

    September 9, 2023

    Digital work revolution sees the world’s gig economy expand by 12 percent

    September 8, 2023

    ASEAN Summit in Jakarta sees PM Modi advocating India’s growing global impact

    September 7, 2023

    Goldman Sachs accused of bullying culture in £1 million lawsuit

    September 7, 2023
    Latest News
    Travel

    World Tourism Day 2023 calls for sustainable growth in tourism

    September 26, 2023

    The anticipation for World Tourism Day 2023 is palpable, with this year’s theme shining a spotlight on…

    UAE and India discuss strategic ties at UNGA78 in New York

    September 26, 2023

    Leaders of UAE and Netherlands convene to reinforce mutual cooperation

    September 26, 2023

    From India to Brazil, leadership transition marks G20 Summit’s conclusion

    September 11, 2023

    African Union Inducted into G20 on India’s Initiative

    September 9, 2023

    Biden and Modi cement ties as India ascends global stage

    September 9, 2023

    UN calls for greater female representation in police forces worldwide

    September 8, 2023

    Digital work revolution sees the world’s gig economy expand by 12 percent

    September 8, 2023
    © 2021 GCC News Hub | All Rights Reserved
    • Home
    • Contact Us

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