Bahrain's Investcorp inks $99m deal for Stuttgart campus

Bahrain’s Investcorp inks $99m deal for Stuttgart campus

Published on Friday, 4 May , 2018 48 Views

Business

#Germany #Investcorp inks #Stuttgart

Bahrain-based Investcorp has announced that together with Continuum Capital Investment Management, it has purchased Bürocampus Wangen based in Stuttgart, Germany for about $99 million.

UAE, KSA, Kuwait to Enhance Bahrain Fiscal Stability

The Ministers of Finance of the Kingdom of Saudi Arabia, the United Arab Emirates, the State of Kuwait…

The deal with BEOS Corporate Real Estate Fund Germany I represents Investcorp’s first real estate investment in Germany.

Bürocampus Wangen, known as The Campus, is a modern office campus situated prominently in the commercial area of Stuttgart, Germany and is comprised of a number of mixed-use buildings totaling approximately 500,000 square feet. It houses predominantly technology-driven and automotive companies.

The Campus features office buildings, research and development, data and design centres, a restaurant, and conference rooms, Investcorp said in a statement.

The acquisition is part of Investcorp’s broader pan-European real estate strategy following its initial focus on UK industrial and logistics assets.

Mohammed Alardhi, executive chairman of Investcorp, said: “This transaction represents the first investment in Germany by Investcorp and is testament to our ongoing European real estate investment strategy and business.”

Bahrain to Implement VAT in 2019

Bahrain will be the next country to implement five per cent value-added tax (VAT) after the UAE and…

Keywords: Germany Investcorp inks Stuttgart
Category Business | 2018/05/04 latest update at 7:06 PM
Source : Arabian Business | Photocredit : Google

49 Views
Comments Add comment

The editorial staff of Bahrain Today would like to give all of its readers from Gulf and Bahrain and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Bahrain Today with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter and Google pages or use our RSS feed channel to always read the most important news about Bahrain, the Gulf and the world.