The leading global provider and manager of alternative investment products, Investcorp, announced that it has successfully completed the acquisition of a portfolio of seven UK industrial assets (“the Portfolio”) from Custodian REIT, for £32.6 million.
The investment company has now deployed approximately £300 million into this sector over the past four years.
Since the inception of its European real estate business in 2017, Investcorp has invested approximately €885 million into 77 properties across the UK, Germany, The Netherlands and Belgium.
The Managing Director and Head of Investcorp European Real Estate, Neil Hasson, said:
“Since the launch of our European real estate offering in 2017, we have built a market-leading and robust portfolio of high-value real estate assets across strategically located markets with strong fundamentals. We believe that the UK industrial sector is set to become one of the strongest drivers of real estate, as Covid-19 has rapidly accelerated the shift to online retailing, and subsequently, the demand for industrial space.”
“The promising demand-side dynamics present within the sector are matched by an attractive occupier market which has seen vacancy rates hit record lows in recent years. We believe that our portfolio is well-positioned to benefit from this thriving market, and we look forward to working through an attractive pipeline of new investment opportunities in the UK.”
The company had also announced its participation at Expo 2020 Dubai taking place from 1st October Under the theme of “Connecting Minds, Creating the Future”.
