Realterm has closed its first value-add European fund, the Europe Logistics Fund (RELF), at its hard cap of €100 million ($108 million).
Realterm said the fund will invest in the high-flow-through (HFT) logistics real estate sector in Europe. These properties typically facilitate a change in transportation mode and include cross-dock truck terminals, transload and related transshipment, air cargo, parcel sortation, final-mile warehouses and other e-commerce backbone facilities.
RELF’s first investment is a 10,000-square-meter (107,600-square-foot) HFT facility located at the intersection of the E40 and E19 transport corridors in Brussels. The property has an infill location that is close to Brussels Airport, the Benelux ports and a dense residential population. It is fully leased to DHL
“The exceptional location, functionality and access to both transportation infrastructure and a large consumer base make this a great first addition to the portfolio,” sa
