Investcorp, the Bahrain-based asset management firm specialising in alternative investments, acquired Deerbrook Marketplace, a 348,542 square foot retail shopping centre in Houston, Texas.
Located in north suburban Houston, Deerbrook is home to US retail chains such as Sports Authority, Best Buy, Bed Bath and Beyond, Marshalls, OfficeMax and Old Navy, as well as food chains such as Red Lobster and TGI Fridays. Investcorp and their investors own over 20 other properties in that area.
Investcorp is listed in the Middle East Investors Directory with the code OR30.
More details from their release and what Mohammed Al-Shroogi, Investcorp's President of Gulf business said, follows