Greykite buys €350m logistics portfolio

Greykite European Real Estate Fund has bought a 13-asset logistics portfolio spanning Germany, France and the UK for €350m (£291m). The portfolio is 98% occupied and leased to 20 tenants including Kuehne + Nagel, BSH Hausgeräte, Teva Pharmaceuticals, Iron Mountain and Rossignol. Greykite founder and chief executive Michael Abel said: “We have now seeded a number of investment themes which will enable us to rapidly build a multi-billion-euro portfolio, focused on high-conviction sectors supported by compelling structural and demographic fundamentals. Continued market dislocation is presenting a unique opportunity for investment firms like ourselves with the firepower and deal execution capabilities, and no legacy issues, to acquire high-quality assets and portfolios at attractive pricing.”