BMO Real Estate Partners (BMO REP) has added €200 million ($225 million) to its European logistics mandate from PFA Pension, one of the largest pension providers in Denmark.
This brings the mandate, which launched in July 2019, to a total investment capacity of more than €400 million ($451 million). BMO said the mandate will include core, core-plus and value-add investment opportunities across continental Europe, with a focus on France, Spain and Italy
The strategy will be to source, acquire and manage a combination of standing logistics properties and manage-to-core/build-to-core investments located near city centers, ports and airports, or within established logistics clusters. Moreover, the focus will be on urban warehouses, cross-docking facilities and grade-A warehouses with single- or multi-tenant occupancy.
“Our partnership with PFA Pension is a strong endorsement of our tailored service offering and ability to invest across the entire risk spectrum
