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Investcorp expands its European real estate footprint
September 12, 2018
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BAHRAIN: Investcorp, a leading global provider and manager of alternative investment products, is pleased to announce that it has purchased KO Campus, based in Eschborn, Germany from Cilon AG for approximately €86 million. The acquisition is Investcorp’s second real estate investment in Germany.

The newly renovated KO Campus is a modern office campus situated prominently in the commercial area of Eschborn, Germany, part of the Frankfurt Rhein-Main urban area. KO Campus is comprised of three office buildings totaling approximately 40,000 square meters and houses some well-known tenants across a diverse set of sectors, including: manufacturing, retail and technology. KO Campus features high quality and recently renovated office buildings, state-of-the-art research and development, data and design centres, a restaurant and conference rooms.

In April 2018, Investcorp announced its first German real estate deal. Together with Continuum Capital Investment Management GmbH, Investcorp purchased the Bürocampus Wangen based in Stuttgart, Germany. Both investments are part of Investcorp’s broader pan-European real estate strategy, following its initial focus on UK industrial and logistics assets.

Hazem Ben-Gacem, Co-Chief Executive Officer of Investcorp, said: “Investcorp has a long history and an established track record of identifying valuable real estate acquisitions.

Investment

This acquisition forms an exciting addition to our diversified portfolio of prime assets, and we believe that we are well-positioned to add value to this investment. With a solid buy-and-build strategy in place, we believe we are on the right track to continue to identify opportunities in the sector.”

Commenting on the acquisition, Babak Sultani, Managing Director, Real Estate Product Specialist, at Investcorp, said: “Following on Investcorp’s expertise in the US market, we have committed to expand our real estate footprint in Europe. Germany has always been considered an attractive market for us. We believe that KO Campus and Burocampus Wangen are well-occupied, stable assets in two of the most dynamic markets.”

Investcorp’s Real Estate group is a fully-integrated acquisition and asset management platform, which operates in the US and Europe.

The group has over $6 billion in gross assets under management and operates a diversified investment approach, investing across a broad range of sectors including office, multifamily, student housing, industrial, retail, and hotels.

Investcorp is a leading global provider and manager of alternative investments, offering such investments to its high-net-worth private and institutional clients on a global basis. Led by a new vision, Investcorp has embarked on an ambitious, albeit prudent, growth strategy.

The firm continues to focus on generating investor and shareholder value through a disciplined investment approach in four lines of business: private equity, real estate, absolute return investments and credit management.

As at June 30, 2018, the Investcorp Group had $22.6 billion in total AUM, including assets managed by third party managers and assets subject to a non-discretionary advisory mandate where Investcorp receives fees calculated on the basis of AUM.

Since its inception in 1982, Investcorp has made over 175 corporate investments in the US, Europe and the Middle East and North Africa region, including Turkey, across a range of sectors including retail and consumer products, technology, business services and industrials, and more than 500 commercial and residential real estate investments in the US and Europe, for in excess of $56 billion in transaction value.

Agencies

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