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- September 1, 2011: Vol. 5, Number 8

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Invesco Buys Across Europe

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Invesco Real Estate has acquired two properties on behalf of a pan-European fund for €96 million. The fund purchased Gänsemarkt 45 in Hamburg and Flahult 21–45 in Jönköping, Sweden.

“These transactions mark the pan-European fund’s second acquisition in Germany and its first in the Nordics, meaning that it is now fully diversified across all seven of its target markets and across the three commercial sectors,” says Paddy Bingham, Invesco Real Estate’s director of fund management.

Gänsemarkt 45 was sold by The Carlyle Group for €63.5 million. The eight-storey building comprises 9,000 square metres of office space and 2,800 square metres of retail space, as well as 49 underground parking spaces.

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