Invesco Real Estate is adding a 31,000 square metres logistics hub in Austria to its European value-add fund.
The fund manager has invested an undisclosed sum on behalf of its European Value Add Fund II (EVAF II) to buy a 45,000 square metres site in Traiskirchen for the logistics facility which will be developed with developer Propel Industrial.
The project, comprising four independent units, is set to complete in the fourth quarter of 2024, Invesco Real Estate said.
Source: realassets.ipe.com on the 20th of February