Investcorp acquires industrial portfolio in Wales
TDT | Manama
The Daily Tribune – www.newsofbahrain.com
Investcorp has 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.
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% 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.