Ivanhoé Cambridge launches €400m last-mile logistics strategy
Ivanhoé Cambridge has launched a new last-mile logistics strategy in Northern Europe and the acquisition (completed or in progress) of seven last-mile assets as well as a strong deal pipeline in the Netherlands, in partnership with URBZ Capital (URBZ), an investment and asset management boutique focused on creating the next generation of urban logistics facilities in Northern Europe, with strong ESG ambitions.
The partnership between Ivanhoé Cambridge and URBZ aims to deploy up to €400 million ($452 million) to develop a large portfolio of last-mile logistics assets in the Netherlands and the rest of Northern Europe, namely Germany, Belgium and the Nordics. URBZ will act as asset and investment manager on behalf of Ivanhoé Cambridge. As part of this new strategy, Ivanhoé Cambridge aims to increase its exposure to prime assets that are very well located in the hearts of cities, in line with the ongoing transformation of the supply chain and the latest market standards bo