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 spread across the UK from Indurent for an undisclosed price.
The circa 1m sq ft portfolio includes assets located in Peterborough, Southampton, Bradford, Manchester and Durham, and is let to more than 200 tenants. The average occupancy rate of the portfolio over the past five years has been between 90-95%.
Invesco and Marchmont IM launched the Space Industrial platform in February 2025. The platform’s strategy is to target severely under-rented MLI estates in well-located, last mile locations close to key urban centres.
Richard Chambers, managing director – fund management, at Invesco Real Estate, said: “Space Industrial provides a fully vertically integrated platform with specialist execution across the investment lifecycle underpinned by strong market fundamentals and a resilient income profile. Since launching in early 2025, the team has assembled a seed portfolio of seven assets, combining our local market presence with Marchmont’s specialist management team. 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.”
Tim Lumsdon, CEO of Marchmont IM, added: “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.”
