Realterm has announced the closing of its Realterm Europe Logistics Fund (RELF) at its hard cap of €100 mln.
The vehicle – the ninth fund raised across the Realterm platform and the firm’s first value-added fund in Europe – raised the equity from a number of US based endowments and pension funds. It invests in high flow-through (HFT) logistics real estate in Europe.
‘Our successful fundraise is a testament to the team that we have built and our investors’ belief in our ability to create value through our differentiated investment approach and market insights,’ said Peter Lesburg, Realterm’s managing director of Capital Markets.
RELF’s first investment is a 10,000 m2 HFT facility fully leased to DHL at the intersection of two key pan-European transport corridors – E40 and E19 in Brussels, Belgium.
’The exceptional location, functionality and access to both transportation infrastructure and a large consumer base make this a great first addition to the portfolio,’ said Balazs Lados, managing director for Realterm Europe and fund manager for RELF. ‘The property is suitable for a wide variety of operations, including air cargo, e-fulfilment, regional distribution and last mile delivery. We are excited to welcome DHL as our first customer in Europe.’