GulfBase Live Support
Leave a message and our representative will contact you soon
09/04/2025 05:49 AST
Investcorp Capital, a major player in the private markets and alternative investment sector, has announced that it has completed the sale of its US industrial real estate portfolio for an aggregate sale price of $360 million.
The portfolio, which spans six investments across six states and 2.3 million sq ft, fetched the group a 40% increase in its returns as the portfolio was bought less than four years ago for an initial purchase price of $262 million.
The portfolio was sold to take advantage of the robust industrial capital markets and strong property operating fundamentals over its hold period, said Investcorp Capital in a statement.
Returns for the portfolio from acquisition in March 2021 are estimated to be 12% Internal Rate of Return (IRR) and a 1.4x Multiple on Invested Capital (MOIC), above projections of 8.5%.
The sold portfolio investments included:
*Tempe Commerce Park: 536,000 sq ft across 5 buildings
*Minneapolis Industrial Portfolio: 616,000 sq ft across 16 buildings
*Florida Industrial Portfolio: 512,000 sq ft across 13 buildings
*California Industrial Portfolio: 303,000 sq ft in one building
*New Jersey Industrial Portfolio: 174,000 sq ft across 3 buildings and
*Nevada Industrial Portfolio: 165,000 sq ft in one building
On the transaction, Interim CEO Mohamed Aamer, said: "We are pleased to have capitalised on the attractive exit opportunities in the industrial real estate asset class. Our priority is to invest in opportunities to provide the best possible returns for shareholders."
"The continued prevalence of e-commerce, along with limited levels of new supply in the US, have contributed to significant growth for the industrial sector over the past five-plus years, validating the strength of our investment thesis. We continue to see further opportunities within the sector," he stated.
Investcorp Capital said the properties in the portfolio reside in top industrial submarkets with resilient demand.
The assets boast diversified rent rolls and have continued to experience strong rental growth over the last few years despite rising interest rates. This showcases the company's ability to add long-term value despite fluctuating economic environments, it added.
Trade Arabia
Ticker | Price | Volume |
---|
Ticker | Price | Change |
---|---|---|
IHC | 400.00 | 0.00 (0.00 |
FAB | 16.82 | -0.08 (-0.48 |
EMIRATESNBD | 24.25 | 0.65 (2.75 |
ADCB | 13.74 | 0.08 (0.58 |
ADIB | 21.94 | 0.28 (1.29 |
08/07/2025
Commercial Bank, a leader in innovative digital banking solutions, has entered into a strategic co-operation agreement with Qatar Development Bank (QDB) to empower and support small and medium-sized
Gulf Times
08/07/2025
The UAE's banking sector is powering ahead with added momentum, recording the highest quarter-on-quarter increase in market capitalisation among lenders across the Middle East and Africa in the secon
Khaleej Times
07/07/2025
Investors in the UAE get another shot at buying shares through a stock market float, and one that's tied to the fortunes of Dubai and UAE real estate sector.
DFM-listed Al Mal Capital REIT h
Gulfnews
07/07/2025
As part of its ongoing commitment to youth empowerment, Gulf Bank has successfully concluded its sponsorship of the The Influencer 'AlMoather' Plus program, organized by LOYAC Academy of Performing A
Kuwait Times
07/07/2025
The Abu Dhabi based taxi and fleet operator Mwasalat Holding has sold a sizable 22.5% stake to Emirates Driving Company.
Mwasalat generated over Dh650 million in revenues in 2024, and apart
Gulfnews