Fidelity International has raised €110 million ($119 million) for its Fidelity Real Estate Logistics Impact Climate Solutions Fund (the LOGICs fund), adding to the €200 million raised during its first close in March 2024, further supporting an accelerated energy transition in the real estate sector.
Total deployable assets for the LOGICs fund has now climbed to €620 million ($670 million), and since its first close, LOGICs has acquired 10 properties in Europe, with assets in Spain, Germany, France and the Netherlands equating to a net value of approximately €275 million ($297 million). Each asset purchased has an accelerated pathway to net-zero carbon emissions through the firm’s refurbishment plans.
Real estate plays a critical role in the energy transition, as buildings account for more than 40 percent of total carbon emissions. LOGICs, which i
