Verdion holds first close for its second logistics fund

Verdion, the European industrial and logistics real estate specialist based in London, has held a first close for Verdion European Logistics Fund 2 (VELF2) after having raised €75 million ($79.8 million) of capital.

Launched in September 2022, VELF2 is seeking €400 million ($425.7 million) and will acquire existing assets in Northern European logistics locations, investing with a value-add strategy aimed at repositioning those assets as future-proofed core properties.

The predecessor to VELF2, VELF1, raised €158 million ($168.2 million) and reached a final close in 2020. VELF1 is now fully invested and has deployed €310 million ($330 million) toward acquiring and enhancing 11 logistics assets across Germany, the Netherlands, Denmark and the Czech Republic.

The executive director of investment management at Verdion, Simon Walter, said, “With the continued supply/demand