PLP is a specialist UK logistics and industrial property business, founded in 2015.
The full service platform sources, develops and manages prime UK logistics real estate on behalf of institutional capital partners, with in-house management expertise across all key capabilities including acquisitions, planning and development, leasing and asset/investment management. PLP’s core business strategy is to develop prime, large scale logistics assets and add value throughout their investment life cycle.
The PLP platform is owned by Ivanhoé Cambridge, Peel L&P, Macquarie Asset Management and its senior management team.
PLP currently manages two develop to core ventures, UK Logistics Venture (UKLV) 1 & 2. UKLV1’s £500m of equity is fully committed, with 10m sq ft of prime logistics space either completed or under development, while UKLV2 is currently being deployed. On a completed basis AUM from these ventures is expected to reach approximately £2.5bn.
During the next 3 years, PLP will launch its third develop to core venture, UKLV3, alongside two income ventures which will recycle some develop to core assets alongside external investment acquisitions.