PRODEA Investments S.A. is set to partner with Invel Real Estate, through its flagship fund series Invel Eudora Fund 2, and LGT Capital Partners to create one of Greece’s leading institutional logistics platforms.
A new institutional logistics platform combines standing assets with a secured class A development pipeline across the key logistics hubs of Attica, in the wider Athens metropolitan region. With further investments targeted, the ambition is to create a portfolio with a gross development value exceeding €500 million ($573 million).
Subject only to the completion of the regulatory process, the Fund and LGT Capital Partners will acquire a 49 percent interest in PRODEA’s logistics platform for a total consideration of approximately €31 million ($35.55 million).
The platform currently comprises a combination of standing assets and developments, strategically located across Attica’s key logistics hubs. The existing portfolio comprises approximately
