Investcorp purchases a new property in Washington DC

Bahrain Investcorp

The leading investment and fund management corporate “Investcorp” has announced acquiring an upscale and Class “A” office building in Washington DC for 180 million dollars.

The purchase comes in consistence with the company’s strategy to acquire top-quality, cash generating properties in US. The deal represents also the company’s first step in its new initiative of focusing on core-quality, long-term assets.

The property sprawls over a total area of 170,813 square feet on the 10th street. The building is in proximity to major retail centers, premium hotels and restaurants, major Metro stations, and sports venues.

The managing director of Investcorp for Bahrain “Fahd Murad” mentioned that the newly purchased property represents an added value for the company. Murad added saying that the property is believed to generate stable cash and provide resilience to the market.

It’s worth mentioning that the company has made real estate acquisitions worth 1.5 billion dollars in the last 12 months.

Investcorp has completed more than 400 property investments with a total value of 13 billion dollars.