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.
About Greenberg Traurig: Greenberg Traurig, LLP has more than 2750 attorneys in 47 locations in the United States, Europe and the Middle East, Latin America, and Asia. The firm is a 2022 BTI “Highly Recommended Law Firm” for superior client service and is consistently among the top firms on the Am Law Global 100 and NLJ 500. Greenberg Traurig is Mansfield Rule 6.0 Certified Plus by The Diversity Lab. The firm is recognized for powering its U.S. offices with 100% renewable energy as certified by the Center for Resource Solutions Green-e® Energy program and is a member of the U.S. EPA’s Green Power Partnership Program. The firm is known for its philanthropic giving, innovation, diversity, and pro bono. Web: www.gtlaw.com.