Manova Partners has launched the Manova European Logistics Real Estate Fund II (MELREF II) with a planned target volume of €300 million ($324 million) to $500 million ($648 million). The fund, which is designed for institutional investors, pursues a core/core-plus strategy for logistics real estate investments in Europe.
“The European logistics sector currently offers exciting investment opportunities, as demand for space remains high and there is still considerable potential for growth,” said Florian Winkle, co-CEO of Manova Partners. “Our local presence in nine European countries enables us to build a diversified and high-yielding portfolio. The broad-based asset management team with representatives in all locations enables direct contact with tenants as well as internal management of tenant improvements and control over quality and costs.”
MELREF II aims to achieve a current distribution yield of at least 5 percent with a maximum of 50 percent leverage.
