Ivanhoe Cambridge makes a strategic investment in PLP
PLP is pleased to announce that Ivanhoé Cambridge has made a strategic investment in PLP.
This transaction follows the establishment of PLP’s first investment venture, the PLP UK Logistics Venture, with Ivanhoé Cambridge in November 2017.
Arnaud Malbos, Senior Vice President, Investments, Ivanhoé Cambridge Europe, said: “We are very pleased to extend our partnership with PLP to a shareholding in the business. We have great ambitions for PLP and intend to support its growth.”
Jeremy Greenland, Chief Executive Officer, PLP said: “Attracting such a high quality strategic investor as Ivanhoé Cambridge, who is one of the leading real estate investors globally, is a strong endorsement of the business we have established. With the backing of Ivanhoé Cambridge alongside our existing shareholders, PLP is in a great position to deliver its business plan and continue to provide occupiers and capital partners with access to high quality UK logistics real estate.”
PLP was established in 2015 as a joint venture between Macquarie Capital and Peel Group. In 2016, the directors of Evander Properties, Jeremy Greenland and Neil Dickinson, became shareholders and assumed senior leadership positions within PLP. The group has recently closed its first investment venture and has a current pipeline of opportunities of over £1 billion.
Macquarie Capital (Europe) Limited acted as exclusive financial adviser to PLP.