PRODEA, Invel and LGT form logistics investment platform in Greece
PRODEA Investments has agreed with Invel Real Estate and LGT Capital Partners to jointly develop a logistics platform, with the two partners acquiring a 49% stake for about €31 million.
PRODEA Investments has reached an agreement with Invel Real Estate, through its Invel Eudora Fund 2, and LGT Capital Partners to establish a joint logistics investment platform in Greece. Once regulatory approval is completed, the Fund and LGT will acquire a 49% stake in PRODEA's logistics platform for a total consideration of about €31 million.
The platform includes an existing portfolio of roughly 130,000 sqm of fully leased, high-specification logistics space located at key hubs in Attica, along with development projects exceeding 140,000 sqm, expected to be delivered gradually by the end of 2027. More than 70% of the space under development is designed to meet LEED Gold certification standards.
PRODEA will continue to manage the platform's development and portfolio. The three partners aim to grow the portfolio's value beyond €500 million through further investments in the Greek logistics market.
Invel Real Estate manages assets exceeding €3 billion across Southern Europe, while LGT Capital Partners manages more than $120 billion globally. PRODEA is the largest listed real estate investment company in Greece.