Abu Dhabi Investment Authority Funds $2 Billion US Industrial Property Venture with Rockpoint Group
Posted on 05/03/2022
Rockpoint Group, L.L.C. is a real estate private equity firm headquartered in Boston. Rockpoint Group formed a platform with a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). The platform will target industrial investment opportunities representing approximately US$ 2 billion in gross asset value. The new investment vehicle will focus primarily on build-to-core industrial investments in high barrier-to-entry locations across infill, demand-driven, gateway, and growth markets in the U.S.
This platform follows Rockpoint’s announcement in February 2021 that the firm had formed a strategic partnership with leading industrial real estate investor and operator Ben Harris. This strategic partnership has generated and is expected to continue to generate significant industrial investment opportunities for Rockpoint’s existing opportunistic and growth and income funds in addition to opportunities for the new platform.
Concurrently, the platform announced the closing of its first investment, 865 Embedded Way, a 117,520 square foot, class A industrial development project on a 10.6-acre site, located in Silicon Valley’s supply-constrained South San Jose submarket.
ADIA built a sizeable portfolio of industrial real estate assets and continue to see attractive opportunities in the sector.
