Investcorp and two leading sovereign wealth funds establish industrial real estate venture

Investcorp has formed a new venture to acquire industrial real estate assets in the United States.

This partnership provides the ability to acquire a critical mass of institutional-quality assets in premier logistics markets to benefit from operating fundamentals and tailwinds in the industrial space.

“We are pleased to partner with two premier global institutional investors to continue building our industrial presence across the United States,” said Herb Myers, Investcorp co-head of real estate, North America. “The increasing pace of e-commerce adoption, especially throughout the pandemic, has demonstrated growing demand for last-mile logistics. This venture positions us well to expand our national industrial footprint in an asset class that we believe will continue to have strong fundamentals.”

In October, Investcorp announced its latest industrial acquisition of 89 industrial properties, which grew its U.S. industrial real estate holdings to about $2.