Invesco to invest in €1bn logistics projects with LCP

US-based real estate investor Invesco will invest in developer and asset manager Logistics Capital Partners, facilitating the development of LCP’s €1bn (£890m) pipeline.

The initial investment will create the potential for €1bn in new development projects over the next three to five years.

The agreement includes scope for “significant additional funds” to be invested in the future to further expand the pipeline.

Bert Crouch, managing director of portfolio management at Invesco, said: “LCP’s track record, deep pipeline, and strong relationships with some of the biggest international and domestic retailers, as well as the team behind the