Investcorp Discloses Sale of 10 U.K. Industrial and Logistics Properties
Posted on 01/29/2022
Investcorp announced that it has completed the sale of 10 U.K. industrial and logistics assets to three different purchasers, Kennedy Wilson, Realty Income, and Investra Capital, for a combined total of £108.4 million. Since launching its European real estate business in 2017, Investcorp has invested approximately €1 billion into 80 properties across the U.K., Germany, The Netherlands, Italy, and Belgium.
Deal 1
The first sale to Kennedy Wilson comprised a portfolio of eight mid box industrial and logistics warehouses located in the established distribution markets of Doncaster, Leeds, Bilston, Glasgow and Motherwell, totaling 588,997 square feet.
Deal 2
The second sale to Realty Income comprised a modern detached industrial unit located in Hull, totaling 270,388 square feet.
Deal 3
The third sale to Investra Capital comprised a collection of manufacturing and distribution units located in Tamworth, totaling 201,309 square feet.
Investcorp acquired all ten assets during the second half of 2017 for a combined price of circa £69 million.
