BentallGreenOak has raised €695 million ($822 million) in equity commitments for its European Core+ Logistics Fund, surpassing its €500 million ($591 million) fundraising target at final close.
The capital came from more than 20 global institutional investors.
“We are delighted with the support we have received from a broad range of investors who recognize that BGO is one of the most established logistics investors in Europe,” said Toby Phelps, managing partner and head of European equity at BentallGreenOak.
This is BentallGreenOak’s first fund entirely dedicated to the European logistics sector and complements its existing value-add strategy, which has invested more than €2.4 billion ($2.8 billion) in logistics assets since 2015.
The fund will pursue opportunities across the logistics spectrum, including ecommerce, last-mile, temperature-controlled and distribution assets. BentallGreenOak said the fund will seek to add value by establishing t
