Amazon Property, a London property investment and development group, has committed a £250 million ($276 million) real estate fund to provide private equity funding to joint venture partners/development managers and asset managers in the logistics, managed office solution, PBSA, life sciences and retirement sectors.
This was made via Amazon Capital, the group’s private equity division.
Amazon Capital has committed £100 million ($110 million) of equity and debt/bank funding to raise the £250 million ($276 million).
In logistics, Amazon Capital will focus on funding or entering joint ventures for acquiring or developing second-generation estates of between 5 acres to 20 acres in size, typically providing 200,000 square feet to 500,000 square feet of warehouse accommodation. In the managed office solution market, Amazon Capital said it will look to acquire landmark office buildings, with acquisitions from £5 million to £50 million ($5.5 million to $55 million
