BentallGreenOak has launched a new industrial fund focused on the cold-storage market, according to a SEC document filed March 5.
The vehicle, known as BentallGreenOak U.S. Cold Storage, will invest in cold-storage facilities in the United States. According to the filing, to date it has raised $83 million from two investors.
An equity fundraising target was not disclosed.
The pandemic has set into motion an unprecedented surge of online shopping, causing the cold storage asset class to steadily heat up over the past year. Prior to the pandemic, CBRE estimated the number of consumers buying food via the internet would rise from 50 percent of the populatio
