Investcorp, the Bahrain-based asset manager that counts Mubadala Investment Company as its biggest shareholder, has bought 31 industrial properties in the US worth $216 million.
The industrial warehouses, which have an occupancy rate of 94 per cent, are located in five major markets in the US and have a total area of 1.6 million square feet, Investcorp said in a statement on Thursday.
The properties grow its US industrial real estate holdings…