Invesco Real Estate launched an open-ended fund investing in the pan-European (ex-UK) hotel sector targeting a 6%-7% p.a. gross income return and with an initial equity commitment of €179.5m from 10 institutional investors. Today’s launch is the third IRE fund to focus on hotels but is the first to be open-ended. This approach responds to […]
Invesco Real Estate (IRE) has announced £54.5m forward funding of a build-to-rent project in South London for its residential strategy. In conjunction with London developer CNM Estates, IRE is developing 180 build-to-rent residential units in Sutton, South London. The project will see a newly-built 20-storey development called the “East Tower” comprising 1, 2 and 3-bedroom apartments and […]
Invesco Real Estate (IRE) has acquired one of London’s largest shopping centres, the 630,000 sqft Southside Shopping Centre in South London’s Wandsworth, in a 50/50 partnership with the listed property company Land Securities. The £150m deal sees IRE acquiring the 50% interest in the management company from Delancey on behalf of the firm’s pan-European core […]
Invesco Real Estate (IRE), a global real estate investment manager and PLATFORM_, a national developer and specialist operator of private rented housing, have established a joint venture for the management of a portfolio of 580 Private Rented Sector (PRS) units in five cities across the South-East and South-West of England. The non-exclusive partnership between IRE […]
Invesco Real Estate (IRE) and Thor Equities have sold an asset located on 102 Champs Élysées in Paris to AEW for €115m. The transaction comes after an 18-month value-add programme aimed to reposition the asset which once sheltered former Le Queen nightclub. The asset has been converted into a retail flagship store. Bert Crouch, managing director […]
Invesco Real Estate (IRE) has announced the sale of a hotel portfolio from its second pan-European hotel fund to Swedish operator Pandox for €415m. The global real estate investment manager is selling seven hotels located across Austria, Germany and the Netherlands, and part of the NH, Radisson Blu and Park hotel brands. Following the close of the sale, […]
Invesco Real Estate has announced the acquisition of the Time Building, a fully renovated office property located in a consolidated and improving office location close to Porta Nuova district, the new Central Business District (CBD) in Milan. The acquisition was made on behalf of IRE’s flagship pan-European strategy, as part of its acquisition programme for […]
Invesco Real Estate, the property arm of Invesco, and real estate manager Thor Equities have jointly acquired a high street corner retail asset in Madrid and a commercial space in Milan’s fashion district. The two firms have acquired the 26 Via della Spiga in Milan for €125m. The seven-story, 7,827 sqm mixed-use retail asset is […]
Invesco Real Estate (IRE), the real estate arm of Invesco, has completed the acquisition of Frascati, a 102,000 sqft shopping centre, fully-leased with multiple strong tenants located in Dublin. The property has been acquired from a private investor and the transaction includes planning permission for a 68,000 sqft extension. No financial details have been disclosed. […]
Carlo Romanò (pictured) has joined Invesco Real Estate in Italy as head of Transactions and he has plenty of ideas on how to make the most out of the sector. Invesco Real Estate recently reinforced its commitment to the Italian market. Not only did it hire Carlo Romanò as head of Transactions but it acquired a prime asset located in […]
Invesco Real Estate (IRE) has teamed up with be:here to make its first investment in the UK private rented sector (PRS). IRE will acquire 118 PRS units for £32.5m in Hayes, West London, on behalf of a UK local authority pension fund.
Invesco Real Estate (IRE) has announced that Etienne Dupuy has joined as Senior Director – Asset Management, Europe to spearhead the firm’s European asset management initiatives including managing the existing team of 16 asset managers located “on-the-ground” across Europe.