Home Industry Real Estate Bahrain’s Investcorp acquires $300m of US warehouses The company now owns 14 million square feet of US industrial assets by Robert Anderson September 17, 2018 Bahrain’s Investcorp on Monday announced its acquisition of a US industrial real estate portfolio worth approximatly $300m. The investment spans 4.5 million square feet and includes 56 industrial properties, including warehouse, light manufacturing and flex buildings, across seven metropolitan markets, the firm said. These include nine multi-tenant warehouses in Minneapolis, 16 warehouse/buildings in Dallas, 14 in Chicago, nine in Philadelphia and Delaware, five in Phoenix, two in Houston and one in San Antonio. The space is 90 per cent leased by tenants across e-commerce, manufacturing, design, wholesaling and food services, Investcorp indicated. “This investment will help our clients gain and increase exposure to the highly relevant industrial sector in a diversified manner and benefit from some of the secular trends shaping the retailing industry in the US,” said co-CEO Rishi Kapoor. Investcorp has a portfolio of 550 properties worth $14bn. The alternative investment firm has acquired nine industrial investments over the last three years and with the latest deal will own 14 million sqft of US industrial assets. Read: Bahrain’s Investcorp acquires New York office buildings for $156m Tags Rishi Kapoor 0 Comments You might also like Bahrain’s Investcorp launches in India by acquiring IDFC businesses Revealed: Influential Indians in the GCC: Executive elite Bahrain’s Investcorp looks to make direct investments in China, India Bahrain’s Investcorp appoints new co-CEO, European head