Invesco Real Estate, the USD 85bn global real estate investment business of Invesco Ltd. (NYSE: IVZ), has leased 30,000 sqm logistics space to Airbus at its Montbartier (82) facility in the Montbartier logistics zone, in Tarn-et-Garonne, France. The asset is owned by Invesco Real Estate’s flagship European strategy.
Our pan-European strategy has consistently delivered exceptional performance through an active approach to asset management to drive NOI growth, as showcased by this announcement with Airbus. We continue to see attractive opportunities across Europe and fully expect to see further growth in 2025.
Acquired in 2017 by Invesco Real Estate, the Montbartier (82) asset was delivered in 2019 by leading developer Concerto. Equipped with photovoltaic panels producing more than 1,605 MWh of electricity annually, the site is LEED Silver and BREEAM In-Use Very Good certified.[1]
A multimodal logistics and industrial park in the South of France, the Montbartier site extends over more than 450 ha. The site is of strategic geographic importance for the Airbus team, which is setting up there for the first time. With this lease, Airbus occupies around 30,000 sqm of the wider site, which is spread over a total of more than 70,000 sqm.
With more than €4bn in GAV and a diversified portfolio of high-quality assets in prime locations across eight countries Invesco’s flagship European strategy has maintained an active approach to asset repositioning as a means to deliver long-term value and an overall total return for its investors.
Paul Joubert, Managing Director – Investments, France, Invesco Real Estate, said: “We are delighted to welcome Airbusand to provide the firm with efficient, high-energy performance spaces. The signing of this lease confirms our ability to position ourselves on assets to deliver best-in-class space in order to attract internationally renowned companies.”
Toby Simon, Managing Director – Fund Management, Invesco Real Estate, said: “Our pan-European strategy has consistently delivered exceptional performance through an active approach to asset management to drive NOI[2] growth, as showcased by this announcement with Airbus. We continue to see attractive opportunities across Europe and fully expect to see further growth in 2025.”
Invesco Real Estate was advised on this project by CBRE.
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[1] LEED = Leadership in Energy and Environmental Design (LEED) is a green building certification program used worldwide. BREEAM = Building Research Establishment Environmental Assessment Method (BREEAM) is an established method of identifying the sustainability of buildings.
2 NOI = Net Operating Income.
About Invesco Ltd.
Invesco Ltd. (Ticker NYSE: IVZ) is a global independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. With offices in more than 20 countries, our distinctive investment teams deliver a comprehensive range of active, passive and alternative investment capabilities. Invesco managed EUR 1.6tn in assets on behalf of clients worldwide as of 31 December 2024. For more information, visit www.invesco.com/corporate.
About Invesco Private Markets
Invesco has global expertise and strong capabilities in private markets. With a global platform of EUR 120bn of assets under management in real estate and private credit, we offer both scale and depth of expertise with over 600 investment professionals across 16 countries and over 40 years of innovative experience to our investors as of 31 December 2024.
About Invesco Real Estate
Invesco Real Estate is a global leader in the real estate investment management business with EUR 76.2bn in real estate assets under management, 606 employees and 21 regional offices across the U.S., Europe and Asia. Invesco Real Estate has a 40-year investment history and has been actively investing across the risk-return spectrum, from core to opportunistic, in equity and debt real estate strategies, and in direct and listed real estate for its c. 450 institutional client relationships during this time. In Europe, Invesco Real Estate has eight offices in London, Munich, Milan, Madrid, Paris, Prague, Luxembourg and Warsaw, with 187 employees. It manages 205 assets across 14 European countries and with assets under management of EUR 15.7bn. The team has a strong track record across all the commercial sectors, hotels and residential sectors as of 30 September 2024.
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