• UK
    • Germany
    • Netherlands
    • Central Eastern Europe
    • France
    • Italy
    • Spain
    • United Kingdom
  • EN
  • Service
    • Project Development
    • Investment Management
    • Asset Management
  • About Us
  • ESG
  • Research
  • News
  • GARBE World
  • EN
    • Germany
    • Netherlands
    • Central Eastern Europe
    • France
    • Italy
    • Spain
    • United Kingdom
    UK

Invesco Real Estate and GARBE to develop a 550,000 sq ft logistics scheme in Worksop, UK

News 02/09/2024

LONDON, 2nd September 2024  – Invesco Real Estate, the USD 90bn global real estate investment business of Invesco Ltd. (NYSE: IVZ), has partnered with GARBE Industrial Real Estate GmbH (“GARBE”),  in a joint venture to develop a circa 550,000 sq ft Class A logistics site in Worksop, located in the prime East Midlands logistics UK market.

The two-unit scheme, comprising of separate 462,500 sqft and 86,500 sqft facilities spread over 28.9 acres, will see construction commencing September 2024 and completion in Q3 of 2025. Both units target BREEAM Excellent and EPC A+ standards.[1]

Strategically located in the East Midlands, Worksop benefits from a catchment area of circa 3 million people within 45 minute drivetime, with the major cities of Manchester, Birmingham, Nottingham and Sheffield reachable within less than two hours drive. The site is located equidistant between the M1 and A1(M) providing easy access to the UK’s national motorway network.

GARBE, one of the leading specialists for logistics and industrial properties across Europe currently has c. EUR10,6 billion of assets under management, with around EUR2.8 billion in its development pipeline.

Chris Hornung, Country Head & Managing Director at GARBE UK, said “This is an excellent opportunity to capitalise on the dearth of supply of large logistics units of 450,000sq ft plus in the region. This development is in line with our strategy to speculatively develop in undersupplied markets with the added benefit of Worksop providing occupiers with a strong labour pool”.

Rob Johnston, Managing Director – Head of Investments, UK & Nordics at Invesco Real Estate, said: “We’re delighted to be partnering with GARBE to secure this rare opportunity to acquire a prime logistics site in the East Midlands and to further expand our UK and European logistics portfolio.”

GARBE and Invesco were advised by agents Atlas Real Estate.

Carter Jonas, DTRE and Moriarty & Co have been appointed as joint letting agents.

[1] BREEAM = Building Research Establishment Environmental Assessment Method; more info available at breeam.com
EPC = Energy Performance Certificates

GARBE Logo

More GARBE Websites

GARBE GERMANY

GARBE NETHERLANDS

GARBE CENTRAL EASTERN EUROPE

GARBE UNITED KINGDOM

GARBE FRANCE

GARBE ITALY

GARBE SPAIN

  • 16 Berkeley Street, London W1J 8DZ
  • +44 (0) 7979 541 241
  • +49 40 35613 – 2810

 

  • GARBE World
  • Imprint
  • Privacy Policy
  • ESG at GARBE
  • Research

GARBE Industrial Real Estate UK

XING ICON
LinkedIn ICON
Facebook ICON
Instagram ICON
Twitter ICON
Your privacy

We use cookies on our site. Some of them are essential, while others help us to improve this website and to show you personalised advertising. You can either accept all or only essential cookies. To find out more, read our privacy policy and cookie policy. If you are under 16 and wish to give consent to optional services, you must ask your legal guardians for permission. We use cookies and other technologies on our website. Some of them are essential, while others help us to improve this website and your experience. Personal data may be processed (e.g. IP addresses), for example for personalized ads and content or ad and content measurement. You can find more information about the use of your data in our privacy policy. You can revoke or adjust your selection at any time under Settings.

Your privacy

I accept all cookies

Save settings

Cookie preferences

Cookie-details Privacy statement Imprint

Privacy settings

If you are under 16 and wish to give consent to optional services, you must ask your legal guardians for permission. We use cookies and other technologies on our website. Some of them are essential, while others help us to improve this website and your experience. Personal data may be processed (e.g. IP addresses), for example for personalized ads and content or ad and content measurement. You can find more information about the use of your data in our privacy policy. This is an overview of all cookies used on this website. You can either accept all categories at once or make a selection of cookies.

I accept all cookies Save settings

Back

Privacy settings

Essential cookies enable basic functions and are necessary for the proper function of the website.

Show cookie-information Hide cookie-Information

Name
Provider Owner of this website, Imprint
Purpose Saves the visitors preferences selected in the Cookie Box of Borlabs Cookie.
Cookie Name borlabs-cookie
Cookie Expiry 1 Year

Statistics cookies collect information anonymously. This information helps us to understand how our visitors use our website.

Show cookie-information Hide cookie-Information

Accept
Name
Provider Google Ireland Limited, Gordon House, Barrow Street, Dublin 4, Ireland
Purpose Cookie by Google used for website analytics. Generates statistical data on how the visitor uses the website.
Privacy Policy https://policies.google.com/privacy?hl=en
Cookie Name _ga,_gat,_gid
Cookie Expiry 2 Months

Content from video platforms and social media platforms is blocked by default. If External Media cookies are accepted, access to those contents no longer requires manual consent.

Show cookie-information Hide cookie-Information

Accept
Name
Provider Google Ireland Limited, Gordon House, Barrow Street, Dublin 4, Ireland
Purpose Cookie by Google used to control advanced script and event handling.
Privacy Policy https://policies.google.com/privacy?hl=en
Cookie Name _ga,_gat,_gid
Cookie Expiry 2 Years
Accept
Name
Provider Google Ireland Limited, Gordon House, Barrow Street, Dublin 4, Ireland
Purpose Used to unblock Google Maps content.
Privacy Policy https://policies.google.com/privacy?hl=en&gl=en
Host(s) .google.com
Cookie Name NID
Cookie Expiry 6 Month
Accept
Name
Provider Vimeo Inc., 555 West 18th Street, New York, New York 10011, USA
Purpose Used to unblock Vimeo content.
Privacy Policy https://vimeo.com/privacy
Host(s) player.vimeo.com
Cookie Name vuid
Cookie Expiry 2 Years
Accept
Name
Provider Google Ireland Limited, Gordon House, Barrow Street, Dublin 4, Ireland
Purpose Used to unblock YouTube content.
Privacy Policy https://policies.google.com/privacy?hl=en&gl=en
Host(s) google.com
Cookie Name NID
Cookie Expiry 6 Month

Privacy statement Imprint