22 November 2019 | In Article | by Logistics Watch
Global property manager Invesco Real Estate is adding more investment equity to Logistics Capital Partners' (LCP) platform that will enable the Europe industrial specialist to develop in excess of €1 bn of assets faster than anticipated in its three- to-five-year plan.
Invesco says the extra preferred equity amounts to one third more on top of the original injection in late 2018.
The firm declined to say how much preferred equity is involved. However, the extension and growth of the investment facilitates the opportunity to exceed LCP’s three-to-five-year strategic plan to develop over €1bn of new logistics assets across Europe.
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