GARBE adds €200m to logistics real estate fund

GARBE Industrial Real Estate has secured an additional €200 million ($204 million) through a second closing for its Article 8 investment fund, GARBE Logistics Real Estate Fund Plus III (GLIF+III).

The new pan-European fund has raised a sum total of €600 million ($612 million) from German, European and Asian investors. Another closing is planned before the end of this year. Christopher Garbe, managing partner of GARBE Industrial Real Estate, said the fund has significantly expanded its investor base and is now in a better position to operate on the market.

GLIF+III will invest in logistics assets in the core-plus segment, with an add-on component of selected core and light industrial properties. The strategy is supplemented by property developments and value-add properties. The acquisition pipeline for the GLIF+III holds more than €1 billion ($1.02 billion) worth of assets. With a planned investment volume of €5 billion ($5.1 billion), it is GARBE’s largest pa