• Have acquired £56.7m of UK industrial assets and an office in Milan for €70m since the beginning of September

Bahrain – Investcorp, a leading global provider and manager of alternative investment products, today announced that it has sold its long leasehold interest in Bürocampus Wangen (“the Campus”) in Stuttgart, Germany to Art-Invest Real Estate. The transaction marks Investcorp’s first continental European exit and the latest step in the firm’s broader pan-European real estate strategy.

Investcorp acquired the freehold interest in the Campus in 2018 from BEOS Corporate Real Estate Fund Germany I, managed by BEOS. Upon acquisition, Investcorp re-structured the title and sold the freehold to an institutional investor, retaining the long leasehold interest.

Located in the Stuttgart submarket of Wangen, the multi-let commercial campus is comprised of 12 office and research buildings and one DIY store across a 15-acre plot, providing a total area of c.550,000 sq ft. The Campus features good quality office buildings, state-of-the-art research and development, data centres, a restaurant, and conference rooms. It is home to several well-known tenants, predominantly in the technology and automotive sectors.

Khulood Ebrahim, Real Estate Product Specialist at Investcorp, said: “We are delighted to have marked our first European real estate exit since we entered Europe in 2017. This is a true testament to our continued execution on our strategy to target attractive, stable real estate assets in markets underpinned by strong fundamentals, where we can seek to create value for all our stakeholders.”

Yusef Al Yusef, Managing Partner for Investcorp’s Private Wealth, said: We are pleased with the progress we are making to expand our real estate portfolio across geographies and marking our first European exit as we advance with our strategy. Looking ahead, we will continue to identify opportunities with the potential to drive value for our clients and grow our footprint across Europe.” 

Since launching its European real estate business in 2017, Investcorp has invested approximately €1 billion into 80 properties across the UK, Germany, The Netherlands, Italy and Belgium.

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About Investcorp

Investcorp is a global investment manager, specializing in alternative investments across private equity, real estate, credit, absolute return strategies, GP stakes and infrastructure. Since our inception in 1982, we have focused on generating attractive returns for our clients while creating long-term value in our investee companies and for our shareholders as a prudent and responsible investor.

We invest a meaningful portion of our own capital in products we offer to our clients, ensuring that our interests are aligned with our stakeholders, including the communities that we operate within, towards driving sustainable value creation. We take pride in partnering with our clients to deliver tailored solutions for their needs, utilizing a disciplined investment process, employing world-class talent and combining the resources of a global institution with an innovative, entrepreneurial approach.

Investcorp has today presence in 12 countries across the US, Europe, GCC and Asia, including India, China and Singapore. As of June 30, 2021, Investcorp Group had US $37.6 billion in total AUM, including assets managed by third party managers, and employed approximately 430 people from 45 nationalities globally across its offices. For further information, visit www.investcorp.com

Media Contacts:
Investcorp       
Nada Abdulghani                                                         
+973 17515467
nabdulghani@investcorp.com 

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