Announcement - At the start of this year LCP concluded a 5 year (2019-2023) investment programme with Invesco. Highlights as follows: ▶ Developed and sold over EUR 1 billion of LCP developed assets since 2019 and generated circa 40% overall levered IRR through the cycle. ▶ For most of its developments LCP retained the ongoing asset management post sale. At the end of 2023, LCP concluded two major transactions with owner occupiers, one in logistics and one datacentre. ▶ The Financial Times has for the last 3 years ranked LCP in the top 100 of all the fastest growing companies in Europe, measured by both Total Turnover, and % rate of growth, we are the only real estate company to have achieved this for the last 3 consecutive years, and ranked in the top 2 for Real Estate each year. ▶ The total developed space amounts to 12.4 million sq ft / 1.15 million sq m of logistics accommodation, across 5 countries (Belgium, Netherlands, France, Italy and Spain), placing LCP in the top 10 of the PropertyEU logistics developers ranking every year in the period. ▶ We would like to thank our partners at Invesco for their support throughout this entire period! ▶ At the start of 2024, LCP remains 100% privately owned & controlled by LCP’s individual partnership group. ▶ We are well capitalised for this interesting new market cycle, investing with our own balance sheet and/or materially co-investing with partners. See you all at MIPIM. 👍
