Subscribe to Updates

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

    What's Hot

    SAUDI ARABIA UNVEILS TOP TOURISM LEADERS AND GLOBAL MINISTERS IN SPEAKER LINEUP FOR WORLD TOURISM DAY 2023

    September 23, 2023

    Grow with Huawei Cloud: Accelerating GTM and Sales with Empowered Benefits

    September 22, 2023

    Hisense Showcases Hero Mini-LED ULED Television, The U8, at ‘Portals to Beyond’ Event in South Africa

    September 22, 2023
    Facebook X (Twitter) Instagram
    Iran MirrorIran Mirror
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • Sports
    • Technology
    • Travel
    Iran MirrorIran Mirror
    Home » Investcorp acquires industrial portfolio in Wales
    Business

    Investcorp acquires industrial portfolio in Wales

    February 14, 2021

    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 Telegram 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
    Editor's Pick

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

    September 11, 2023

    At the Bharat Mandapam in New Delhi, the curtains have come down on the 18th…

    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

    AI drives MENA Newswire’s entry into Saudi digital media

    September 8, 2023
    © 2023 Iran Mirror | All Rights Reserved
    • Home
    • Contact Us

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