Space Industrial, the multi-let industrial investment platform owned by Invesco Real Estate and Marchmont Investment Management, has acquired a portfolio of 11 multi-let industrial estates from Indurent.
The portfolio, totalling almost 1m sq ft, includes assets in locations including Peterborough, Southampton, Bradford, Manchester and Durham.
It hosts more than 200 tenants across a broad occupier base with a strong occupancy rate averaging between 90% and 95% over the past five years.
Invesco and Marchmont launched Space Industrial in February 2025. Capital for the joint venture was provided from the Invesco Real Estate Europe Fund III, the third closed-end fund in a series dedicated to pan-European higher-returning investments.
Marchmont chief executive Tim Lumsdon said: “Space Industrial has rapidly grown into a high-performing platform delivering enhanced returns to investors by targeting select, strategically significant industrial assets.
“We’re delighted at what’s been achieved in less than 12 months, as highlighted by this latest deal and focused on further enhancing the platform with additional properties in 2026.”
Richard Chambers, managing director, fund management, at Invesco, added: “The acquisition of a further 11 assets demonstrates strong momentum in the growth of Space Industrial, with the team successfully curating a portfolio that complements our broader strategy.”
The fund has made 47 investments across seven sectors in 10 countries, with 22 realised investments, delivering a gross internal rate of return of 33%.
Indurent was created in 2024 through the merger of Industrials REIT and St Modwen.