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Sign in Sign up for a FREE subscriptionBouwinvest to invest $65m in U.S. last mile logistics
Dutch institutional investor Bouwinvest has allocated $65 million to last-mile logistics properties in the United States on behalf of its North America mandate for bpfBOUW, the Dutch Construction Workers pension fund.
The new asset allocation focus forms part of Bouwinvest’s strategy to grow its North American portfolio to €1.7 billion ($1.9 billion) from €1.3 billion ($1.44 billion) currently.
Gijs Plantinga, director Northern American investments, said, “Last-mile delivery — the final stage of the delivery of a package or product to the consumer’s home — is one of the most important steps in the supply chain, especially now that the growth of same-day delivery is growing exponentially. Demand for this type of real estate in major U.S. cities is huge.”
Bouwinvest’s investments in the sector will be made, in conjunction with other institutional investors, through the sixth core-plus fund of High Street Realty Co., a Boston-based private equity
