AEW Europe raises a further €400m for logistics fund
AEW Europe has raised an additional €400 million ($440 million) for LOGISTIS, 18 months after closing on €820 million ($900 million) for the platform. It takes the fund’s total equity to €1.7 billion ($1.9 billion). The new equity has been raised entirely from existing investors, which include a number of prominent institutional investors from across Europe and Asia.
“The last 18 months have seen a huge period of growth for LOGISTIS and, having fully committed the equity we raised at the end of 2014, we have a pipeline of attractive opportunities across our target markets as the demand for high-quality logistics properties continues to outweigh supply,” said Remy Vertupier, fund manager of LOGISTIS in a statement. “Expanding further will allow the platform to benefit from our relationships with the leading logistics operators and retailers, whilst maintaining attractive returns for our investors.”