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Fundraising - JANUARY 20, 2022

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Aquila Capital raises €330m for Southern European logistics fund

by Kali Persall

Aquila Capital has completed a first closing of its new open-end Southern European logistics fund, which launched with a committed equity volume of €330 million ($374 million) from international institutional investors.

Aquila Capital Southern European Logistics SICAV-RAIF (ACSEL) initially aimed to raise €250 million ($283 million) but, based on strong demand, the first closing volume was upsized to €330 million ($374 million). Aquila expects to deploy the capital raised in the first closing within 18 months.

With a target investment volume of €1.5 billion ($1.7 billion) in gross asset value, ACSEL will focus on modern and energy-efficient logistics properties, which create value by combining sustainability, attractive rental conditions and strategic locations.

The diversified portfolio of logistic real estate assets will be located in Southern European countries, including Italy, Spain and Portugal. The fund will prioritize assets with proximity to tra

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