Invesco Real Estate has made a Strategic Investment in Logistics Capital Partners (LCP), a project development and logistics asset management company, under an agreement to enable LCP to deploy a program €1 billion ($1.14 billion) over the next three to five years, developing more than 1.3 million square meters (14 million square feet).
“The demand for new logistics buildings is stronger than ever in all European markets,” said James Markby, managing director of LCP. “In addition to the need for additional space for e-commerce operators, we are also seeing traditional retailers looking to reconfigure their logistic footprints and ramping up traditional parcel operations and haulage companies. Existing buildings can only cover a small part of this demand, and the majority require new developments to meet the latest requirements in terms of scale, energy performance, height or automation.”
LCP was formed in 2015 by Kristof Verstraeten, who formerly worked for G
