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Sign in Sign up for a FREE subscriptionGARBE collects capital for its latest logistics fund
GARBE Industrial Real Estate has raised about €400 million ($401 million) in equity from German and international investors for the GARBE Logistics Real Estate Fund Plus III (GLIF+III).
GLIF+III invests in established logistics sites across Europe and in selected growth regions. The vehicle is focused on logistics assets in the core-plus segment, with an add-on component of selected core- and light-industrial properties.
With a planned investment volume of €5 billion ($5.02 billion), it is GARBE’s largest Pan-European fund for institutional investors to date.
“We set up the GLIF+III during a very challenging market cycle,” said Christopher Garbe, managing partner of GARBE. “On the part of our clients, it is thus a remarkable sign of confidence in the logistics real estate market, in the fund strategy and in the competencies of GARBE as leading manager and developer of logistics real estate in Europe.”
According to GARBE, the Luxembourg speci