AEW has raised €750m (£642m) in equity for its pan-European logistics fund LOGISTIS.
The new equity brings the fund’s net equity to €2.3bn. It will enable platform expansion in continental Europe, with a goal to grow the platform to €4bn of assets under management.
The fund is targeting main European logistics hubs, with its “develop-to-core” strategy which focuses on largely speculative developments with assets ranging from large multi-modal logistics parks to urban logistics platforms.
It establishes partnerships with independent developers to bring forward early-stage projects.
Rob Wilkinson, chief executive of AEW in Europe, said: “Fast-changing consumption trends, the growing penetration of e-commerce and new technologies are all reshaping supply chains and underpin the strong yet growing demand for well-located flexible logistics space.
“We are well positioned to leverage both AEW’s experience and our build-to-core strategy to grow the fund and sustainably take advantage of these market tailwinds.”
The LOGISTIS platform has been active for 20 years. It has built a portfolio of 131 assets across 52 sites in Europe with an estimated value of €3.3bn.
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