CBRE Investment Management has formed a new European logistics fund through the combination of its European Industrial Fund and Logistics Venture Fund.
The new fund, known as Europe Logistics Partners (ELP), has an initial fundraising target of €5 billion ($5.2 billion), Nordic Property News reports. ELP will follow a core-plus strategy designed to utilize the current attractive market environment.
“The combination of these very complementary portfolios has created an improved platform with immediate scalability, improved diversification and high growth potential, while improving efficiency — which ultimately benefits investors,” said Christina Forrest, head of EMEA Direct Logistics strategies at CBRE Investment Management. “The increased need for ecommerce companies to provide faster and cheaper deliveries, in combination with continued change in the supply chain and an increased focus on reuse, is driving the demand for logistics infrastru
