TH Real Estate raises more than €200m
TH Real Estate has raised more than €200 million ($224 million) for its second European logistics product, the European Logistics Fund. The fund launched in late March 2016 with a €250 million fundraising target by end of the year.
The fund is targeting a portfolio of approximately €400 million ($448 million) with gearing, including properties predominantly in France, Spain, the Netherlands and Italy.
TH Real Estate owns logistics assets across the globe. In Europe, these are predominantly in Germany, France and the United Kingdom. In 2015, the firm launched PELV (Pan-European Logistics Venture), a €360 million European logistics vehicle, comprising seven assets and 6.5 million square feet across France, Germany, the Netherlands and Spain.
A myriad of demographic, economic, social and technological changes stemming from broader global megatrends are impacting the logistics sector,” said Stefan Wundrak, head of European