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The Gulf’s Biggest US Property Buyer Gets Ready To Double Its Assets To $25B

The Gulf’s Biggest US Property Buyer Gets Ready To Double Its Assets To $25B

Investcorp Bank—the Gulf’s largest private investor in US real estate—is looking to double its assets in the US to $25B in investments.

The firm says it will take between five and seven years to reach that figure, and will get started this June putting $1.5B into US office and residential buildings.

The Bahrain-based money manager is mapping a new course after a generational change in leadership under chairman Mohammed Al Ardhi, with Mohammed Al-Shroogi and Rishi Kapoor appointed co-chief executive officers in April last year, Bloomberg reports.

Investcorp is also planning a return to European markets after its 22-year hiatus, starting off by investing $200M in the continent over the next year. [Bloomberg]