Invesco Real Estate establishes new European debt platform

GAM Investments has agreed to transfer GAM’s commercial real estate debt finance business, including its European real estate debt team and corresponding European assets and investor relationships, across to Invesco Real Estate.

The expansion of Invesco’s debt capabilities will see a seven-strong London-based team, led by Andrew Gordon, head of real estate debt at GAM, relocate across to the London office of Invesco along with a debt portfolio of $300 million. The assets are held in one separate account and two active funds. In the near- to mid-term, Invesco is expecting to further expand its European capabilities and offering.

This hugely important milestone for Invesco’s global business sees it complete its European real estate capabilities, allowing the firm to satisfy client demand for both equity and debt, and complements its global coverage across listed/direct, equity/debt and core to opportunistic.

Invesco has a very established U.S. debt operation