Bahrain’s Investcorp Invests USD 160 mn in Chicago, Boston

Bahrain’s Investcorp Invests USD 160 mn in Chicago, Boston

Bahraini global provider and manager of alternative investment products Investcorp is pumping investments worth almost USD 160 mn in an industrial portfolio of six properties in Chicago and Boston, Invest-Gate reports.

“Consumers are conducting more of their shopping online and they want deliveries faster than ever before,” says Managing Director at Investcorp in Bahrain Fahad Murad. “By acquiring warehouses close to major cities such as Chicago and Boston, we believe we will benefit from attractive market dynamics and see steady income growth as well as increasing asset valuations.”

The properties enjoys an aggregate of approximately 1.8 mn square feet (167225.5 square meters) of warehouse and distribution space. Partnering with Bridge Development Partners, a cold storage operator, the Chicago portfolio is located in close proximity to the city center and is comprised of three individual cold storage industrial buildings primarily utilized for the storage and distribution of frozen food products.

Whereas in Boston, Investcorp has recapitalized assets with Condyne Capital Partners, a vertically integrated operator focusing on northeastern commercial real estate assets.  The Bahraini investor has purchased a warehouse as well as distribution and flex portfolio, totaling approximately 1.1 mn square feet (102193.3 square meters). They are located in the southern part of the Boston metropolitan area, having convenient access to major transportation thoroughfares for easy distribution to businesses citywide and adjacent suburbs.

Menna A. Farouk 368 Posts

Menna A. Farouk is a Cairo-based reporter. She has contributed to several international news organizations, including Deutsche Welle, Al-Monitor and Global Voices.


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