Bahrain’s Investcorp acquires $223.5m office tower in Seattle

DUBAI: Bahrain-based alternative investment firm Investcorp said on Sunday its United States-based real estate arm had purchased an office building in Seattle, Washington, for around $223.5 million (Dh821 million). It said the 41-storey, Class A office building, known as 901 Fifth Avenue, was part of the company’s initiative to acquire “top-quality, well occupied, cash flowing properties in gateway markets in the US.” (Reuters)