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Ivanhoe and Peel Logistics announce a JV

28 November 17 - RE+D Magazine
Ivanhoe and Peel Logistics announce a JV

COMPANIES

Solum Property Solutions

Consultant - GREECE

ETAD.A.E.

Public entity - GREECE

IBI Group

Consultant - GREECE

Savills

Consultant - GREECE

PEOPLE

Antulio Richetta

Director IBI Group
Peel Logistics Property and Ivanhoé Cambridge announced the establishment of the Peel Logistics Property UK Logistics Venture (UKLV).

 

According to Ivanhoe’s official press release the key highlights of the transaction are described as follows:

  • UKLV will have significant investment capacity for high quality UK logistics property assets
  • Strategy will focus on institutional quality developments in key logistics hubs across the UK
  • Initial portfolio comprises three properties recently developed by Peel Logistics Property in Manchester and Liverpool and a prime development site in Sheffield with capacity for over 800,000 sq ft of lettable space
  • Ivanhoé Cambridge owns 80% of UKLV, supported by a 20% co-investment by Peel Logistics Property.
     

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