AEW Europe was one of the first managers to offer a specialist logistics fund in 1999 and has since grown the LOGISTIS portfolio of assets to approximately €1 billion and currently distributing an annual income in excess of 7%.
The Fund has secured its first investment in Germany and has a further pipeline of acquisitions in Germany, Benelux and France. The Funds is targeting to invest up to €500 million in Germany over the next two years.
Rob Wilkinson, Chief Investment Officer said: “We are delighted that both existing and new investors continue to support LOGISTIS, allowing the platform to further enhance its presence across the European logistics market”.
Rémy Vertupier, LOGISTIS Fund Manager said: “The current portfolio is performing well and we are looking forward to investing in the German market with a number of assets already identified by our local teams. We look forward to the next phase of expanding the LOGISTIS brand in Northern Europe and continuing to build a high quality portfolio delivering a high and stable income return to our investors".
The fund is targeting a maximum of €700 million of new capital and at least one subsequent close is planned later in 2014, with the final close expected at the end of the year.
AEW Europe is a leading European real estate investment manager. With 9 offices throughout Europe, the group has over 270 employees who are responsible for €18 billion of assets under management. (source: AEW Europe)