Panattoni launches €600m European logistics income fund

Panattoni has launched a pan-European fund, which will invest in modern, sustainable, income-producing logistics properties.

The Panattoni Income Fund aims to raise €300 million ($334 million) by 2026 with an open-end, evergreen structure. It will also acquire €600 million ($668 million) of assets, developed and managed by Panattoni. Panattoni’s owners and management team will be co-investing.

The fund’s advisory team is based in Poland. Its managing director is Krzysztof Dudek, who will manage the operations, investment activity and portfolio and asset management, as well as fundraising and capital flows.

The fund will acquire stabilized assets and forward-purchase pre-let developments, all with the highest sustainability ratings, in countries where Panattoni operates, including Central and Eastern Europe (particularly Poland), the United Kingdom, Italy, Spain, Germany, Austria, the Netherlands and Scandinavia. It is being seeded with stabilized Panatto