Invesco Real Estate has increased its investment in Logistics Capital Partners, a pan-European sector specialist. Financial terms were not disclosed.
Invesco partnered with LCP in 2018, with an aim to develop more than €1 billion ($1.1 billion). Development projects are located across Belgium, France, Italy, the Netherlands and Spain.
“Following the impressive successes that LCP has achieved since beginning our partnership in late 2018, including winning new projects from key international occupiers, the opportunity to increase our investment is the right business decision for us,” said Bert Crouch, managing director, portfolio management, at Invesco Real Estate, in a statement. “Their niche approach within this fast-growing market fits well with our strategic approach, and we continue to be impressed with the growth of their business overall in terms of AUM, pipeline access as well as their growing team of high-caliber experts. This investment ultimately incre
