Investcorp snaps up £69m Welsh industrial portfolio

 Feb 2021

Investcorp has acquired a portfolio of 13 multi-let industrial assets in south Wales for a figure understood to be around £69m.

The portfolio comprises over 1m sq ft of industrial, warehouse and distribution accommodation and is currently 87% leased by SMEs, manufacturers, trade counter occupiers and distribution companies.

Neil Hasson, managing director at Investcorp, said: “This latest acquisition represents continued progress on our strategy to assemble a robust portfolio of real estate properties underpinned by solid fundamentals and attractive secular tailwinds whilst offering additional upside potential.

“Industrial real estate has been and continues to remain one of our highest conviction investment themes. With the continued acceleration of e-commerce, we believe that the UK industrial real estate market is poised to benefit from increased demand for such properties and others that we have assembled across our portfolio.”

Caisson will act as an operating partner and provide asset management services for the portfolio.

*Source Property Week. The original article can be viewed in Property Week by clicking here

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