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Investcorp buys American tower by 223 million dollars

Bahrain - September 18, 2016

Investcorp bank – the specialized bank in alternative investments which Bahrain as a based – announces today buying an American tower with 223.5 million dollars, as an apart of the bank’s efforts to acquires high-quality property in America.

The global news agency “Reuters” said that one of the property arms which followed to the bank signed a purchase deal to 901 fifth avenue which consists of 41 stages and has a rating of class A.

The bank said the main purpose of the deal is the acquisitions of high-quality properties with a high occupancy level and income generating in the main markets in the American United States.

It should be noted that investcorb bank is a public joint stock company, which listed in the Bahrain Securities Market since February 2006. It works in various financial services sector with a focus on the capital sector. It owns 45 following companies work in all areas of Middle East, North America, Britain Island, Scandinavian countries, the south of Europe, and the Western Europe, its basic headquarters locates in Manama, Bahrain, it has been established in January 1982.

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