Investcorp, a Bahrain-based alternative investment management firm, has acquired a prime logistics facility in Scotland from a UK institution for £23.2 million ($28 million).
The acquisition through its European Real Estate business comprises of a warehouse and offices, Investcorp said in a statement on its website on Thursday.
Neil Hasson, Head of Investcorp European Real Estate, said the company was monitoring opportunities in the UK logistics and industrial sector as "high occupier demand and constrained supply are creating attractive investment opportunities".
Investcorp recently acquired a warehouse facility in Saudi Arabia, and its global portfolio now exceeds $3.5 billion in the United States.
(Writing by Brinda Darasha; editing by Seban Scaria)