Sep 2026
PRODEA Investments partners with Invel Real Estate and LGT Capital Partners to build Greece’s leading institutional logistics platform
New institutional logistics platform combines standing assets with a secured Grade A development pipeline across the key logistics hubs of Attica, in the wider Athens metropolitan region. With further investments targeted, the ambition is to create a portfolio with a gross development value (GDV) exceeding €500 million.
PRODEA Investments S.A. is set to partner with Invel Real Estate, through its flagship fund series Invel Eudora Fund 2 (“the Fund”), and LGT Capital Partners to create one of Greece’s leading institutional logistics platforms.
Subject only to the completion of the regulatory process, the Fund and LGT Capital Partners will acquire a 49% interest in PRODEA’s logistics platform for a total consideration of approximately €31 million.
The platform currently comprises a combination of standing assets and developments, strategically located across Attica’s key logistics hubs. The existing portfolio comprises approximately 130,000 sqm of fully leased, prime logistics space, providing immediate scale and stable cash flows from a diverse base of high-quality tenants.
The platform also includes a development pipeline of more than 140,000 sqm, expected to be delivered in phases by the end of 2027. Sustainability is a core element of the platform’s development strategy, with more than 70% of the areas under development expected to achieve LEED Gold certification and all assets incorporating high-standard sustainability features.
Greece’s logistics sector has become one of Europe’s most compelling investment opportunities, driven by the country’s strategic position connecting Europe, Asia and Africa and a structural shortage of high-quality logistics space. This has fueled strong rental growth and yield compression in recent years, with Greek yields still offering an attractive spread over more mature Western European markets. It is this combination of growth, scarcity and value that makes the sector a compelling place to build scale early.
Alongside the secured pipeline, the three partners intend to further expand the platform through additional investments in the Greek logistics market.
PRODEA Investments will continue to act as the asset and development manager of the platform, ensuring continuity in strategy execution and the active management of the portfolio through its experienced team.
The partnership with the Fund and LGT Capital Partners represents a strong endorsement of the platform’s quality, strategy and growth prospects. Backed by institutional capital, complementary capabilities and a shared long-term vision, the partners aim to build Greece’s leading institutional logistics investment platform, targeting a portfolio value exceeding €500 million.
