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]
