Logistics fund closes with €1.3b in equity commitments
AEW Europe has completed the final close for LOGISTIS, raising a total of €820 million ($1.02 billion) of new equity. This represents the largest equity raise to date for AEW Europe and brings the total equity of LOGISTIS to more than €1.3 billion ($1.62 billion). The capital raised exceeded the original equity target, with the five largest new investors committing in excess of €600 million ($747.55 million) in aggregate.
The new equity has been raised from a number of leading institutional investors from Europe and Asia.
LOGISTIS’ strategy is to build a portfolio of class A logistics parks in prominent locations across the main logistics hubs in continental Europe. The additional equity raised will be used to grow the LOGISTIS platform to more than €2 billion ($2.49 billion) and further expand its European footprint. AEW Europe has already started LOGISTIS’ expansion into Germany and will seek to complement its existing high-qu