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.
The Ministers of Finance of the Kingdom of Saudi Arabia, the United Arab Emirates, the State of Kuwait…6 Views | the publication reaches you by | Bahrain News
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 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.”
Do you have information you want to reach our readers?
ELECTIONS 2018 | THE FIRST ROUND | PART 02