Fidelity International has held a final close of its Fidelity Real Estate Logistics Impact Climate Solutions Fund (LOGICs), securing €355 million ($414 million) of equity commitments from a global base of institutional investors, including cornerstone investor Rest, one of Australia’s largest profit-to-member superannuation funds. Including leverage, LOGICs brings €710 million ($827 million) of total investment capacity dedicated to accelerating the energy transition in the real estate sector.
Since its first close in March 2024, LOGICs has already deployed two-thirds of its capital — acquiring 14 logistics properties in Western Europe with a combined volume of €470 million ($548 million). Fidelity expects the remaining capacity to be deployed in the coming months, supported by a deep pipeline of logistics opportunities identified by its investment teams.
With buildings accounting for more than 34 percent of global CO2 emissions, the energy transition within
