Invesco Real Estate has further increased its commitment to the European logistics sector with the acquisition of a plot in Langenselbold, close to Frankfurt, for the speculative development of a small-size logistics warehouse.
The acquisition has been completed by Invesco Real Estate Europe Fund III – SCSp (Europe III), the third European value-added strategy in succession for the firm. The property is being developed in partnership with Propel ONE, a Vienna-based specialist in the development of prime logistics assets, and will be the third project in this setup. The project in Langenselbold is part of a seed portfolio of several individual plots in prime German-speaking markets for the speculative development of small-size logistics and light industrial warehouses.
The facility will meet the highest sustainability and energy-efficiency standards, aiming to target DGNB Platinum certification. Heat pump systems will serve as the main source of energy, supplemente
