Bahrain-based Investcorp has announced that together with Continuum Capital Investment Management, it has purchased Bürocampus Wangen based in Stuttgart, Germany for about $99 million.
Bürocampus Wangen, known as The Campus, is a modern office campus situated prominently in the commercial area of Stuttgart, Germany and is comprised of a number of mixed-use buildings totaling approximately 500,000 square feet. It houses predominantly technology-driven and automotive companies.
The acquisition is part of Investcorp’s broader pan-European real estate strategy following its initial focus on UK industrial and logistics assets.
Mohammed Alardhi, executive chairman of Investcorp, said: “This transaction represents the first investment in Germany by Investcorp and is testament to our ongoing European real estate investment strategy and business.”