Tadhamon Capital, an Islamic investment company in Bahrain, announced the acquisition of a student accommodation block in the UK. The joint acquisition with Watkin Jones gives Tadhamon 50 percent ownership of the block. The transaction totaled $41.3 million and included a net yield of 7.3pc. Tadhamon co-arranged the transaction with the real estate investment manager
Investcorp Acquires $120 Million in US Properties
April 11, 2011 by
Investcorp has announced the acquisition of Coral Palm Plaza shopping center in Coral Springs, Florida. The joint venture with Lincoln Equities was valued at $120 million for the 135,672 square foot plaza. Built in 1986 and renovated in 2000, Coral Palm Plaza leases to a number of well-known retailers, including Buybuy Baby (a subsidiary of
