BERLIN - 13 Sept. 2024 – Global law firm Greenberg Traurig has advised GARBE Industrial Real Estate GmbH on the establishment of a joint venture with Invesco Real Estate. The joint venture will develop a logistics site of over 51,000 square meters in Worksop in the East Midlands, one of the UK’s most important logistics locations.
The project comprises two separate units of just under 43,000 square meters and just over 8,000 square meters on an 11.7-hectare site. Construction is scheduled to start in September 2024, with completion expected in the third quarter of 2025.
GARBE, one of the leading specialists for logistics and light industrial real estate in Europe, currently manages real estate assets of around €10.6 billion. Invesco Real Estate is the global real estate investment arm of Invesco Ltd., managing approximately €80 billion of real estate investments.
Background:
Greenberg Traurig regularly advises GARBE on transactions and most recently acted on the recapitalization of a logistics portfolio and the formation of another joint venture.