“Mumtalakat” Acquires Office Campus in US State of Carolina
2018-02-07 - 9:53 p
Bahrain Mirror: Bahrain Mumtalakat Holding Company has acquired technology giant Lenovo's office campus in the United States.
An official statement said that Mumtalakat, the sovereign wealth fund of Bahrain, entered a joint venture (JV) agreement with Sentinel Real Estate Investment Corporation to acquire the property, which is a Class-A facility in Raleigh-Durham, North Carolina.
Located in Research Triangle Park, the 28.3km2 building, fully leased to Lenovo, is said to generate "strong cash flows, attractive yields, and solid rent growth".
Mumtalakat; however, did not mention the value of the deal, which was signed yesterday at the company's headquarters.
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