UAE - Mubasher: Abu Dhabi-based Mubadala Investment Company has formed a joint venture with Crow Holdings, a real estate investment and development company, to seize around $1 billion of development opportunities across the industrial sector in the US. 

The CEO of Crow Holdings, Michael Levy, said that Mubadala and Crow Holdings seek to strengthen their position in the US industrial sector by building or acquiring properties across a range of strategies.

Levy said: "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."

Meanwhile, the CEO of Real Estate & Infrastructure Investments for Mubadala, Khaled Abdulla Al Qubaisi, added: "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 US"