Investcorp acquires U.S. warehouses for $380m

Middle East private equity firm Investcorp has acquired 89 industrial properties in the United States for $380 million, it said on Thursday.

The industrial warehouses are located in Los Angeles, California, Dallas, Texas, Phoenix, Arizona, Seattle and Washington, it said in an emailed statement.

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The purchases bring its holdings in industrial real estate to about $2.8 billion, it said.

Source: PR Newswire