Home » Bahrain Investors »

|| Bahrain investors of Investcorp acquired US properties for $250 million

investcorp dubaibeatInvestcorp, the Bahrain-based private equity firm, has acquired a portfolio of office and industrial properties in North Carolina, Seattle and Florida for $250 million.

Combined, the properties acquired consist of nearly 2.2 million square feet. This is the second announced investment in the US real estate by Bahrain investors in this quarter. As DubaiBeat reported earlier, another Bahrain investment firm, Gulf Finance House, had acquired three residential properties in the US worth $75 million.

Investcorp and Gulf Finance House are listed in the Middle East Investors Directory with the code OR30 and OR27 respectively.

More details follows

Investcorp, a leading provider and manager of alternative investment products with more than $11 billion of assets under management, announced today that its U.S.-based real estate arm, through separate transactions, has acquired a portfolio of office and industrial properties in Durham, NC, Seattle, WA and Jacksonville, FL for approximately $250 million.

"These properties provide significant diversification across product types and tenants and are located in fast-growing markets with strong demand generators," said Ryan Bassett, Principal in Investcorp's Real Estate Group. "We believe that the portfolio is already well-positioned with stable cash flows, and with additional leasing improvements, we think these assets demonstrate good upside potential as the U.S. economy continues to recover."

Combined, the properties acquired consist of nearly 2.2 million square feet and have an average occupancy rate of 87 percent.

Meridian Corporate Center, Durham, North Carolina: This Class A corporate office park is adjacent to the globally renowned Research Triangle Park (RTP), one of the most dynamic and prominent research parks in the world. The property comprises nine buildings and includes a diverse mix of tenants and products that range from Class A midrise office assets to single story R&D. The property's asset mix is well-positioned to attract tenants in the medical, life sciences, technology and engineering industries, which are all driving forces behind Raleigh's fast-expanding population. This acquisition follows Investcorp's 2012 acquisition of three properties in the Raleigh market, which was recently named by Forbes as the fastest growing city in the U.S.

Highlands Campus Tech Centre, Bothell, Washington: This three-building campus consists of Class A office and flex space constructed in 1999 and is situated on Seattle's desirable Eastside. The campus is occupied by a diverse mix of tenants and is well-occupied. The economy in the Seattle metro area is strong and benefitting from job and income growth generated by the technology, software, healthcare, aerospace and life sciences sectors.

Flagler Center, Jacksonville, Florida: This 12-building portfolio is highly diversified across tenants and product types, including a mix of multi-story and single-story Class A office buildings as well as bulk industrial buildings. Built between 1997 and 2008, this portfolio contains some of the newest commercial real estate assets in Jacksonville.

As of June 30, 2014 Investcorp's real estate group had approximately $1.4 billion in assets under management. Investcorp deployed $312 million in real estate investments in the fiscal year ending June 30, 2014, continuing its focus on commercial, office and residential real estate assets in the top 30 largest markets in the U.S.

Previous Post: Middle East investors subscribed to 36% of Hong Kong $1 billion Sukuk
Next Post: Arab investors of KFIC acquired California's medical center building for $27 million

More from Bahrain Investors ...

  Bahrain Investcorp announces its first real estate investments in Europe for $45 million (August 2017)

  Bahrain investors acquired Nordic firm ABAX for $210 million (June 2017)

  Bahrain investors acquired stake in Spanish firm Agromillora (December 2016)

  Bahrain investment firm Mumtalakat acquired stake in UK firm Envirogen (August 2016)

  Bahrain investors acquired UK cybersecurity firm Nebulas (August 2016)

  Bahrain investors acquired European cyber security firm Coresec (July 2016)

  Bahrain private equity firm acquired Colorado real estate for $85 million (January 2016)

  Two Bahrain investment firms acquired a network of US schools for $405 million (March 2015)

  Bahrain investors acquired Spanish ceramic firm Fritta (February 2015)

  Bahrain private equity firm raised $100 million for investment across the world (November 2014)

|| About Us

Established in 2007, DubaiBeat.com provides insight, analysis and research on Middle East investors.

We cover different asset class investors like private equity, venture capital, hedge funds and real estate investors from the Middle East and broader MENA region.

|| Subscribe

Copyright 2007-2017 DubaiBeat.com    Sitemap  |  Terms  |  Privacy Policy

Follow us: RSS Feed   Facebook    Twitter