20 Nov 2011
(MENAFN) Bahrain-based Investcorp lately made three acquisitions in the US, raising its total property buys this year to USD300 million, Arabian Business reported.
The acquisitions are the latest in a series of US investments for the asset management firm, which has closed eight property deals in the country this year.
The first deal was acquiring a seven-storey office complex in Long Beach, California, while the second deal was acquiring a USD 37 million healthcare complex in Florida.
The third deal was buying a 221-unit garden and townhouse development composed of 15 residential buildings in Atlanta, Georgia.
Investcorp managed USD11.8 billion assets by June, and its profits rose 37 percent in the fiscal year 2011, driven by the sale of some profitable investment holdings.
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more