Peel Logistics Property is pleased to announce that Ivanhoé Cambridge has made a strategic investment in Peel Logistics Property. Ivanhoé Cambridge now joins Macquarie Capital, Peel Group and management as shareholders in Peel Logistics Property.
This transaction follows the establishment of Peel Logistics Property’s first investment venture, the Peel Logistics Property UK Logistics Venture, with Ivanhoé Cambridge in November 2017.
Arnaud Malbos, Senior Vice President, Investments, Ivanhoé Cambridge Europe, said: “We are very pleased to extend our partnership with Peel Logistics Property to a shareholding in the business. We have great ambitions for Peel Logistics Property and intend to support its growth.”
Jeremy Greenland, Chief Executive Officer, Peel Logistics Property said: “Attracting such a high quality strategic investor as Ivanhoé Cambridge, who is one of the leading real estate investors globally, is a strong endorsement of the business we have established. With the backing of Ivanhoé Cambridge alongside our existing shareholders, Peel Logistics Property is in a great position to deliver its business plan and continue to provide occupiers and capital partners with access to high quality UK logistics real estate.”
Peel Logistics Property was established in 2015 as a joint venture between Macquarie Capital and Peel Group. In 2016, the directors of Evander Properties, Jeremy Greenland and Neil Dickinson, became shareholders and assumed senior leadership positions within Peel Logistic Property. The group has recently closed its first investment venture and has a current pipeline of opportunities of over £1 billion.
Macquarie Capital (Europe) Limited acted as exclusive financial adviser to Peel Logistics Property.