Invesco Real Estate, the global real estate investment business of Invesco Ltd. (NYSE: IVZ), has further increased its exposure to the European logistics sector with the acquisition of a 45,000 sqm freehold site in Traiskirchen, Austria. The acquisition has been completed by Invesco’s European Value Add Fund II (EVAF II).
At the dawn or dusk of every recession, the time comes for some to reopen the Austrian economic textbooks (well, grimoire might be more appropriate). And on such occasions, the time to close them arises promptly.