(MENAFN) Investcorp, the alternative investment management whose largest shareholder is Mubadala Investment Company, has joined the Italian real estate market with two fresh acquisitions, bringing its total investment in Europe to roughly USD1.2 billion, €1.1 billion, up till recently.
According to a declaration released on Monday, in the previous year the Bahrain-based business paid USD81.14 million, €74 million, for Kering’s Italian headquarters in Milan, and it just paid USD140.36 million, €128 million, for the UN’s International Fund for Agricultural Development (IFAD) workplace in Rome.
Investcorp has invested in 80 properties spanning all over the UK, Germany, the Netherlands, Italy, as well as Belgium since beginning its European property company in 2017.
Head of Investcorp’s reserved wealth, Yusef Al Yusef state that, “Milan and Rome continue to have a growing demand for office space … these acquisitions are in line with our strategy of investing and growing our real estate portfolio across Europe.”
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