Realogis German industrial fund holds final close
Realogis Real Estate GmbH has completed fundraising for Realogis Real Logistics Fund – Germany and acquired two additional properties for the real estate fund’s portfolio. Overall, institutional investors have committed €170 million ($188 million) in equity.
Launched in 2015 as a segregated real estate AIF, the Realogis Real Logistics Fund – Germany invests in new logistics properties in established locations in Germany that are suitable for third-party use and existing properties that stand out for their location and high long-term attractiveness to tenants.
The most recently acquired properties are the logistics center of toy manufacturer VEDES in Osnabrueck and the newly constructed Log Plaza Wankelstrasse in Kerpen, near Cologne. The purchase price for the two properties totals more than €35 million ($39 million).
After the acquisition of the logistics properties in Kerpen and Osnabrueck, fund investments have reached &