Bahraini investment firm Arcapita Bank has sold its stake in dozens of European self-storage facilities for 412 million euros ($586 million).
Arcapita said Sunday it sold the 80 percent stake in 72 storage sites to Brussels-based storage company Shurgard Europe, which owns the remaining fifth of the portfolio.
The firm says its plans for additional asset sales are "increasing steadily." It's sold off a collection of U.S. retirement communities and industrial property in Singapore over the past six months.
No comments:
Post a Comment