HOUSTON – (Realty News Report) –Crow Holdings, a Dallas-based real estate investment firm, and Mubadala Investment Company, the Abu Dhabi-based sovereign investor, have announced a joint venture partnership to develop industrial properties in the U.S.
“This is an important joint venture for both Crow Holdings and Mubadala, and we look forward to partnering with this leading global investor as it seeks to increase its exposure to the industrial sector and capitalize on the secular growth in logistics demand,” said Michael Levy, Chief Executive Officer of Crow Holdings. “We continue to accelerate our market-leading presence in the industrial space by developing or acquiring state-of-the-art properties across a range of strategies from merchant-build to long-term build-to-core portfolio construction. We have been incredibly fortunate to grow and diversify our investment partners, which include sovereign wealth funds, public pension plans, insurance companies, registered investment advisors and investment management platforms.”
Headquartered in Abu Dhabi, Mubadala has offices in London, Rio de Janeiro, Moscow, New York, San Francisco and Beijing.
Khaled Abdulla Al Qubaisi, CEO of Real Estate & Infrastructure Investments for Mubadala said, “Crow Holdings’ strong track record and history as a real estate developer and investor complement our ambitions to grow our industrial exposure and capitalize on the rapid growth in logistics demand in the U.S.
Rising from a real estate legacy stemming from Mr. Trammell Crow’s organization, Crow Holdings a 70-year operating history and $21 billion of assets under management.
Crow Holdings has developed a number of properties across Texas, such as the Victory Commerce Center, a 349,050-SF distribution building in Deer Park on the southeast side of Houston.
Aug 31, 2021 Realty News Report Copyright 2021
Photo: Courtesy Colliers
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File: $1 Billion in Construction Coming from Crow Holdings, Mubadala JV