Invesco Real Estate has further increased its commitment to the European logistics sector with the acquisition of a 27,500-square-meter (296,008-square-foot) freehold site in Bruck an der Leitha, Austria.
The acquisition has been completed by Invesco Real Estate Europe Fund III – SCSp (Europe III), the third European value-add strategy in succession for the firm.
The site, located 30 kilometers (18.6 miles) east of Vienna, will ultimately host a 15,000-square-meter (161,459-square-foot), class-A logistics facility comprising three independent units. Set to be completed in the second half of 2025, the property is being developed in partnership with Propel Industrial, a Vienna-based specialist in the creation of prime logistics assets.
