Bahrain’s Investcorp exits UK industrial real estate portfolio
The fund will continue to look for real-estate investment opportunities
Dubai: Bahrain-based investment firm Investcorp on Sunday said it completed the sale of a portfolio of seven UK industrial real estate assets to Mileway.
Investcorp acquired the portfolio, which is made up of three single let buildings and four multi-let estates, in 2017. It comprises about 692,000 square feet of industrial, warehouse and distribution accommodation, located in Glasgow, Edinburgh, Liverpool, Warrington, Leeds, South Elmsall, and High Wycombe.
“We see a continuous demand for European industrial properties and we remain focused on seeking to deliver long-term value for our shareholders and clients,” said Tarek AlMahjoub, Managing Director at Investcorp for the Dubai and Oman markets.“We will continue to leverage our deep market expertise and long history of successfully investing in real estate to identify additional opportunities that we believe to meet our proven investment criteria,” he added.