Mubasher: Investcorp said Monday that it acquired a first class commercial building in Washington D.C. at a value reaching $180 million (BHD68.47 million).
Investcorp continuously seeks to acquire other properties across the United States, according to Mohammed Al-Shroogi, Co-CEO in Investcorp
The new building will provide a stable cash flow to face markets fluctuations, according to Fahad Murad, Investcorp’s CEO in Bahrain
This acquisition is the first deal executed by the bank in the new initiative focusing on core-quality, long-term hold assets in key gateway markets.
Earlier this month, Investcorp announced it completed the sale of Veritext Holdings to Pamplona Capital Management.
