McDermott Will & Schulte has advised a managed fund of Invesco Real Estate on the formation of a new joint venture with Logistics Capital Partners (LCP) for the acquisition and development of Veridion Park, an 800,000 sq ft logistics park located on Yarnton Way, Thamesmead, London.

The McDermott private equity real estate team advised Invesco on the joint venture with LCP, and the appointment of LCP as asset and development manager.

The complex, multi-jurisdictional matter was led by Darren Rogers, the head of the London private equity real estate group, with support from partners Devina Rana and Alex Jupp, senior associate Neeraj Tah, and associates Francisco Alvarez and Hannah Guest.

This transaction marks another milestone in McDermott’s active relationship with Invesco Real Estate in the last 12 months, including advising on its recent logistics joint venture with GARBE and the structured disposal of 20 Manchester Square, the London HQ at Lazard to the Delancey / Aware Super joint venture.

Darren Rogers added, “We are proud to support Invesco as part of their partnerships strategy in this exciting new logistics development with LCP at Veridion Park, Thamesmead. The logistics sector is at a pivotal moment, and it’s exciting to be involved in a scheme likely to be at the heart of that evolution.”

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