BNP Paribas REIM launches new Eurozone logistics fund, holds first close

BNP Paribas REIM has launched and held the first closing of the new CORE Eurozone Logistics Fund (ELF) in third quarter 2017.

Target investment opportunities are mainly located in key logistics hubs within Germany, Benelux and France. These countries will represent the largest part of the portfolio allocation. The first transaction closed in the summer. ELF has acquired a new logistics warehouse in the Netherlands, fully let to DSV, one of the leading 3PLs worldwide. Strategically placed in ‘s-Heerenberg, in proximity of the German border, the property is at short distance of the Ruhr region, the fifth-largest metropolitan region in Europe.

A diversified portfolio of selected core logistics properties in the Eurozone gives European institutional investors the possibility to benefit from this fast-growing sector that is supported by both macroeconomic and structural drivers.

“Core European investments continue to present attractive investment opportunities,â€