Investcorp Capital in Abu Dhabi Sells U.S. Industrial Properties for $360 Million
Investcorp Capital, an investment company based in Abu Dhabi, has sold its industrial properties in the US for $360 million. This sale made good profits for its shareholders.
Investcorp Sells U.S. Industrial Properties
Investcorp, a private equity firm, has sold a group of properties it owned across six U.S. states. These properties covered about 2.3 million square feet in total.
The company made a 40% profit on the sale, compared to the $262 million it paid for the properties less than four years ago.
Investcorp sold the properties to take advantage of the strong performance in the industrial real estate market. Since buying the portfolio in March 2021, it brought in an average yearly return of about 12%, better than the original estimate of 8.5%. The company also made back 1.4 times the money it invested.
Some of the sold properties include:
- Tempe Commerce Park in Arizona: 5 buildings, about 536,000 square feet.
- Minneapolis Industrial area: 16 buildings, 616,000 square feet.
- Florida Industrial: 13 buildings, 512,000 square feet.
- California Industrial: 1 building, 303,000 square feet.
- New Jersey Industrial: 3 buildings, 174,000 square feet.
- Nevada Industrial: 1 building, 165,000 square feet.
What the CEO said
“Our main goal is to invest in ways that bring good returns for our investors,” said Mohamed Aamer, Investcorp Capital’s interim CEO.
He also said that the rise of online shopping and low supply of new industrial spaces in the U.S. helped grow the market, proving their investment strategy was strong.
New Investments
In February 2025, Investcorp Capital bought two new industrial property groups in Minneapolis and Baltimore for over $335 million.
These new properties include:
- Minneapolis: 17 buildings, 1.9 million square feet.
- Baltimore: 10 buildings, 881,000 square feet.
Together, the new investments include 27 buildings covering a total of 2.7 million square feet.
Published: 9th April 2025
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