News

Investcorp spends $311m on US property

US_real_estateBahrain-based alternative fund manager Investcorp has splashed out $311 million to add to its US multi-family property portfolio. The acquisition comprises 2,876 units in three US cities – Tampa, Houston and Salt Lake City. Investcorp’s US property holdings now total 13,000 having purchased more than 3,400 properties in the last 12 months. "The high occupancy rates of these property types, together with the positive outlook for the multi-family sector makes these six properties a natural fit to our existing portfolio of residential properties," said Hazem Ben-Gacem, co-chief executive officer of Investcorp. Investcorp has made a number of purchases in 2018 in a bid to double its assets including a minority stake in Switzerland-based Banque Paris Bertrand Sturdza. It is also set to invest $250 million in the Chinese market. ©2018 funds global mena

Executive Interviews

INTERVIEW: Totally mega

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In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...

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Roundtables

MENA ROUNDTABLE: ‘The story is about reforms’

Jun 13, 2018

Our cross-industry panel discuss the positive backdrop in Egypt, the Dana Gas controversy and the potential index upgrades of Saudi Arabia and Kuwait. Chaired by George Mitton in Dubai.

SOUTH AFRICA ROUNDTABLE: Airline syndrome

Jun 13, 2018

Our panellists tell us that instead of launching competing national projects, African countries should work together for the sake of a bigger capital market. Chaired by George Mitton in Cape Town.