Bouwinvest Real Estate Investors and a second institutional real estate investor have entered into a strategic venture with Clarion Partners Europe to invest €300 million ($352 million) in strategically located, core-plus, value-add and build-to-core logistics opportunities across Europe.
“The logistics sector is a growth market. It is well positioned for the coming decade, with strong demand from occupiers and investors driven by favorable megatrends. This is an excellent strategy to increase our exposure to the sector,” said Jasper Petit, senior portfolio manager European investments, Bouwinvest.
The venture is seeking to invest in opportunities in a sector that has benefited from an acceleration of the structural changes that are underpinning the growth of e-commerce. The venture will target opportunities in and around proven Continental European cities where there is limited supply, employing a primarily build-to-core strategy to amass a portfolio of industri