The move is expected to occur in the second quarter of 2008. Invesco's Bill Hensel tells GlobeSt.com that the company currently has offices at One Midtown Plaza at 1360 Peachtree St. and the Proscenium at 1210 Peachtree St. "The move will allow us to consolidate those operations and provide additional space for expansion," Hensel says.
The Peachtree Pointe complex is owned by locally based Dewberry Capital Corp., in an area it refers to as "Uptown" Atlanta. It is in close proximity to shopping, restaurants and other amenities. Other high-profile tenants in the area include Equifax, Cox Communications, and the Atlanta campus of Savannah College of Art and Design.
"The company's move is a strong corporate stamp of approval for Uptown Atlanta, our mixed-use 'city within a city' development," says Dewberry Capital Corp. CEO John Dewberry, in a prepared statement.
Invesco, a holding company specializing in the acquisition, development and management of real estate and corporate business assets, was started in Atlanta in 1978 through a divestiture by C&S Bank. The company later moved its operations to London after it was purchased by a British company in 1988. The company currently has $504.7 billion in assets under management, with more than 5,500 employees in 20 countries. It is scheduled to move its primary stock listing from the London Stock Exchange to the New York Stock Exchange Dec. 4.
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