Invesco Real Estate has partnered with Barwood Capital, United Kingdom–based real estate investment and development specialist, to refurbish and develop 500,000 square feet of logistics facilities in Birmingham, England.
The firm has acquired two existing industrial units with a view to extend and refurbish them to meet class A institutional standards with best-in-class ESG credentials. It has also acquired the adjacent 6.4-acre vacant site on which additional units will be built.
The acquisitions have been made on behalf of one of Invesco Real Estate’s long-standing separate account clients. Barwood Capital will act as the development manager on the combined scheme.
The site, situated in the prime industrial submarket of Birmingham, is located in the Midlands’ prime “Golden Triangle” logistics hub, one of the United Kingdom’s main distribution centers, catering to Birmingham and pan-Midlands as well as wider U.K. markets and providing strong rental
