Monday, March 27, 2023
  • About Us
  • Events
  • Advertise
  • Contact
  • Login
  • Register
No Result
View All Result
The Wealth Today
  • Investments
  • Wealth Management
  • Technology
  • People
    • New Leaders
  • Impact Investing
  • Partner Content
  • Risk & Compliance
  • Exclusives
The Wealth Today
No Result
View All Result
Home Real Estate

Investcorp Advances it’s Real Estate Strategy with Acquisition of 333,000 Square Feet Prime Logistics Facility

The Wealth Today by The Wealth Today
February 9, 2023
in Real Estate
ADQ acquires shares in global logistics firm Aramex, focus on expanding the logistics ecosystem in the UAE
Share on FacebookShare on Twitter

09 February – Investcorp, a leading global alternative investment firm, today announced that its European Real Estate business has acquired a prime logistics facility in Scotland totaling approximately 333,000 sq. ft. (the “Property”) from a UK institution for £23.2 million.

The Property is located on Eurocentral, Scotland’s premier distribution and logistics location, and benefits from its own railway siding which connects to the adjacent Euro Freight Terminal. The Property, which is let to GXO Logistics, a world leader in logistics solutions, is comprised of a purpose-built, high-quality warehouse of approximately 304,000 sq. ft., an office of 22,000 sq. ft. and an external canopy of 7,000 sq. ft.

The importance of the location for the UK logistics sector, robust tenant, and high-quality real estate, all underscore the potential of the investment.

The investment in the Property is another milestone as Investcorp advances its UK industrial real estate strategy. Investcorp sold 10 UK industrial assets in January 2022 for a total of £108.4 million and continues to look for industrial investment opportunities across the UK. UK logistics real estate has strong market fundamentals, with historically low vacancy rates while speculative development is set to decline. The investment also underscores Investcorp’s commitment to the logistics sector globally. Investcorp recently acquired a warehouse facility in Saudi Arabia, and its global portfolio now exceeds $3.5 billion in the United States.

Neil Hasson, Head of Investcorp European Real Estate, said: “This latest acquisition of a prime logistics facility aligns with our strategy to focus on UK logistics assets. High occupier demand and constrained supply are creating attractive investment opportunities. We continue to monitor opportunities in the UK logistics and industrial sector as well as actively manage our portfolio for the benefit of our investors.”

Tom Martin, Investcorp European Real Estate, added: “We are very excited to close the acquisition of another UK logistics facility. It is a key asset that is well connected to important transport infrastructure and is in a market with strong occupational fundamentals. We believe this will provide resilient and inflation-protected income as well as opportunities for capital upside.”

Since launching its European real estate business in 2017, Investcorp has acquired approximately €1.3 billion of real estate assets across the UK and Europe. Investcorp’s European portfolio now consists of 10 office properties across Germany, the Netherlands, Belgium, Italy and the UK, as well as 36 UK industrial assets and in excess of 550 student beds in the UK.

——

Disclaimer: The content of the above information is sourced (or provided), in entirety or in parts from an external source and the content may or may not be edited. The Wealth Today shall not be held liable for damages arising out of any action taken with respect to the use or consumption of information or service published above or anywhere else on the website. This website does not guarantee the accuracy, views, opinions, or any promises expressed in the above news. 

If you find any errors or discrepancies in the above information, you can write to us at editor@thewealth.today.

——

Tags: acquisition
Previous Post

Aldar Enters Strategic Partnership With Dubai Holding To Debut In Dubai Real Estate Market

Next Post

DFSA Chief Executive Ian Johnston appointed Vice Chair of IOSCO Committee

Next Post
DFSA Chief Executive Ian Johnston appointed Vice Chair of IOSCO Committee

DFSA Chief Executive Ian Johnston appointed Vice Chair of IOSCO Committee

Recent Tweets

  • About
  • Get Engaged
  • Events
  • Contact
  • T&C
  • Privacy Policy

© 2021 The Wealth Today

No Result
View All Result
  • Investment
  • Wealth Management
  • Technology
  • People
    • New Leaders
  • Impact Investing
  • Partner Content
  • Risk & Compliance
  • About
  • Events
  • Advertise
  • Contact
  • Exclusives
  • Login
  • Sign Up
  • Cart

© 2020 The Wealth Today

Welcome Back!

OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.

SAVE & ACCEPT

Add New Playlist