Chinese investor acquires distribution centers from Invesco Real Estate

Invesco Real Estate has sold two build-to-suit distribution centers in Poland totaling 105,000 square meters (1.1 million square feet) to Chinese investment company CGL Investment Holdings Corp.

“With demand for bespoke logistics space in Europe high, the opportunity to fund two purpose-built distribution centers for one of the market’s biggest retailers, backed by long-term, institutional-quality triple-net leases, is the type of transaction in which we have strong conviction,” said Tom Emson, senior director, Invesco Real Estate. “Our approach for the strategic opportunities program is to exploit market inefficiencies while delivering strong risk-adjusted returns to our investors throughout the capital structure and during different stages of the market cycles. Our program will be reinvesting the capital into other projects across Europe, which conform to our investment style.”

The sale was made on behalf of Invesco’s strategic opportunities investment pr