Investcorp acquires two industrial and logistics real estate portfolios for $880m

Investcorp’s US-based real estate team has acquired a portfolio of 126 industrial properties totaling 10.2 million square feet across five major metropolitan areas through two separate transactions for a total capitalization of approximately $800 million.

Mohammed Alardhi, executive chairman of Investcorp, said "Our real estate business and the U.S. market have been and will continue to be key drivers of our growth strategy. We are excited to build upon our position as one of the largest international buyers of U.S. real estate through this transaction, which represents the biggest real estate portfolio acquisition in our history. This milestone demonstrates our confidence in the U.S. market, our team's prowess in identifying attractive investment opportunities with strong underlying fundamentals, and our ability to deploy greater capital behind our convictions.

"With consumers and businesses increasingly demanding faster deliveries, industrial real estate assets clo