To read this full article you need to be subscribed to Newsline.
Sign in Sign up for a FREE subscriptionEuropa Capital launches new logistics platform in Central Europe, plans park development
Europa Capital has partnered with White Star Real Estate to launch a new Central European Logistics Platform on behalf of its latest value-add fund, Europa Fund VI.
IREI understands Europa Fund VI completed a final close in December 2021 with €595.6 million ($666 million) of equity commitments. Fund VI primarily targets investments in the industrial, office and residential sectors in France, Germany and the United Kingdom.
With a target gross asset value of €150 million ($167 million), the platform will target standing logistics and urban warehousing assets and ground-up development opportunities in locations that interconnect Europe’s largest cities in the region, such as Budapest, Vienna and Bratislava.
The partners also acquired park22, a prime 15-hectare (37-acre) site, which will house an urban logistics park in Budapest.
“Our decision to launch a Central European logistics platform and fund the development of park22 reflect our view that a c
