Monday 27 February 2012

Investcorp plans US property investments - The National

Investcorp, a Bahraini investment company, plans to spend up to US$250 million (Dh917.9m) in the US property market this year.

The asset management firm said improving economic conditions in the US and limited growth in supply were creating attractive opportunities.

"What we find interesting is there really is very little commercial construction in the United States right now," said Jonathan Dracos, the head of real estate for Investcorp.

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