The real estate unit of investment management Invesco has acquired a logistics complex in Quer, 50km north of Madrid from Spanish energy giant Iberdrola for EUR 24.5mln. The property provides 29,000 of logistics space and is let to US management consulting services Conway on a longterm lease. The acquisition is earmarked for Invesco Real Estate South European fund, which has a volume of EUR 275mln and a total of 19 assets in France and Spain.
The real estate unit of investment management Invesco has acquired a logistics complex in Quer, 50km north of Madrid from Spanish energy giant Iberdrola for EUR 24.5mln. The property provides 29,000 of logistics space and is let to US management consulting services Conway on a longterm lease. The acquisition is earmarked for Invesco Real Estate South European fund, which has a volume of EUR 275mln and a total of 19 assets in France and Spain.
The fund, set up in 2000, aims to reach a size of EUR 300mln.
