Invesco Real Estate and Propel add sixth logistics asset

Invesco Real Estate, in partnership with logistics specialist Propel, has secured a 24,000 m2 plot in Moosburg, north of Munich Airport.

Moosburg

This acquisition marks the sixth investment for their joint Propel Logistics Platform and will be developed into an 11,500 m2 Grade A logistics facility.

The Moosburg site is strategically located in the highly competitive Greater Munich area, a region known for strong demand from occupiers and a scarcity of modern logistics properties. Propel secured this off-market acquisition at a favourable price.

The new facility will prioritise environmental sustainability, incorporating features such as heat pumps, photovoltaic panels, electric vehicle charging infrastructure, and a system for tracking embodied carbon during construction. The goal is to create a fossil fuel-free building that meets high sustainability standards. Completion is anticipated by the fourth quarter of 2026.

The Propel Logistics Platform, a collaboration between Invesco Real Estate’s Europe Fund III and Propel, has been active for two years. In addition to the Moosburg project, the platform's portfolio includes five other logistics assets in Germany and Austria, located in areas like Langenselbold, Düsseldorf, Bruchsal, and Vienna. These six properties collectively encompass over 150,000 m2 of gross leasable area.

Thuqan AlHindawi, director – Fund Management, Invesco Real Estate, said: “Propel has built strong momentum over the past two years through disciplined execution across key markets. Through this dedicated platform, we offer our investors proprietary and differentiated access to a high‑conviction logistics strategy that combines Invesco’s institutional capabilities with Propel’s deep local expertise to unlock fundamental value.”

 Felix Richter, co-head of Transactions Germany, the Netherlands & Austria, Invesco Real Estate, said: “The acquisition of the Moosburg site expands our footprint in one of Germany’s most resilient and supply-constrained logistics markets and underscores the broader vision and business plan for the platform and its partners, which is to build best-in-class prime assets in Germany and Austria. Set to complete by the end of 2026 and lease-up anticipated shortly thereafter, we are well-positioned to capture continued occupier demand for modern, sustainable logistics space in the region.”

 Maximilian Stepanenko – Invest director, Propel Industrial, said: “In a market where speculative development remains constrained, the ability to deliver modern, sustainable industrial & logistics space in supply-limited locations like Greater Munich is increasingly critical. Together with Invesco Real Estate, we are well-positioned to address this imbalance while supporting local economies, more resilient supply chains and the continued growth of occupiers in key I&L submarkets.”