Investcorp announces completion of first European real estate portfolio

Mohammed Alardhi, executive chairman of Investcorp.
Updated 22 November 2017
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Investcorp announces completion of first European real estate portfolio

Investcorp, a leading global provider and manager of alternative investment products, has announced the completion of its first European real estate portfolio following the acquisition of seven additional assets.
The completion of the firm’s debut European portfolio — its UK industrial and logistics portfolio — is the first step in the firm’s ambition to build on its success in the US, where it is one of the biggest international real estate investors. The European strategy, which aims to create a portfolio of income-generating assets for investors, was launched in 2016. Following this acquisition, Investcorp’s European real estate investment already exceeds $100 million.
Investcorp will continue to explore multiple other European strategies, targeting income generating assets across various sectors and European geographies.
Mohammed Alardhi, executive chairman of Investcorp, said: “As we embark on our next phase of growth, I am pleased that our European real estate team is making significant progress in building out its property portfolio. This deal is further evidence of the momentum we’re creating in this important pillar of our growth strategy.
“The strength of our global network combined with our local expertise provides Investcorp with a leading edge in sourcing and originating real estate deals across Europe, providing the potential for long-term attractive returns for our investors.”
Yasser Bajsair, managing director at Investcorp in Saudi Arabia, said: “Europe continues to be an attractive market for Investcorp. With our recently formed European real estate team, and the completion of our first European real estate portfolio, we believe that we are on the right track to further strengthen our track record in Europe. It is also exciting to see our successful real estate investment business in the US grow into the UK.”
The investment announced comprises approximately 700,000-square-feet across three single-let distribution warehouses and four multi-let light industrial properties.
The properties are located in High Wycombe, Leeds, South Elmsall, Liverpool, Warrington, Glasgow and Edinburgh, and have a high level of occupancy rate with more than 40 tenants including many well-established occupiers.
The investment has been made in partnership with Citivale, a UK-based asset manager.


Hyundai hosts female Saudi drivers in Korea

Updated 24 June 2018
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Hyundai hosts female Saudi drivers in Korea

Three Saudi-based female influencers have visited Korea as part of Hyundai’s outreach to women drivers in the Kingdom, and as brand ambassadors for the carmaker.

The three women include entrepreneur and lifestyle influencer Bayan Linjawi; radio presenter, travel blogger, and fashion lover, Shadia Abdul Aziz; and business-owner and fashion career coach, Reem Faisal. 

During their tour of Korea they received detailed briefings about Hyundai and its products, and toured production, design and research facilities. 

The program gave them an understanding of the innovative and advanced thinking that underpins today’s Hyundai models, and also included opportunities to experience Korean culture and heritage.

“This is an exciting moment for women and for motoring in Saudi Arabia, and Hyundai is committed to playing an active part in this historic change,” said Hyundai’s Head of Operations for Africa and the Middle East, Mike Song. “Hyundai’s models will appeal strongly to women from all walks of life, from younger more style-conscious drivers, to those who value practicality and quality. Our brand ambassadors are part of our strategy to highlight those qualities to women as they take their place behind the steering wheel.”

Hyundai has identified design and safety as key buying factors for female drivers in Saudi Arabia, and offers these attributes in a variety of segments, including sedans and SUVs. It has identified established names including the Azera, Sonata and Tucson as key products to promote, as well as the new Kona premium compact SUV.

The brand ambassadors will use a selection of these Hyundai models as they join the first ranks of Saudi female drivers, and will share their experiences with fans and followers. 

Included in their roles will be being part of digital commercials, social media postings, and event appearances under the umbrella of Hyundai’s Saudi campaign #whatsnext.