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…
12 | the publication reaches you by | Bahrain NewsBürocampus 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.”
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The Arab states of the Persian Gulf are the seven Arab states which border the Persian Gulf, namely Bahrain, Iraq, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE).This excludes the non-Arab state of Iran. All of these nations except Iraq are part of the Gulf Cooperation Council (GCC).
