Invesco to forward-fund grade A office asset in France

Invesco Real Estate has agreed to forward-fund Cluster, a 17,600-square-meter (189,000-square-foot) grade A office asset in Saint-Denis, north of Paris.

Cluster will be built by French developer PRD Office and will be certified BREEAM Excellent as well as Wiredscore. The building will feature terraces, green spaces, a corporate restaurant and cafeteria, and car and motorcycle parking. It will also have direct metro access, as well as a future tram station in front of the building.

The building is expected to be completed in September 2021 and will bring Invesco’s total European value-add transaction volume to €2 billion ($2.2 billion).