Verdion Properties has raised €158 million ($183 million) in a final close of its Verdion European Logistics Fund 1, including a final €20 million ($23 million) investment secured in August.
The vehicle is seeking to acquire urban logistics assets in edge-of-town or in-fill locations that facilitate swift product delivery to major cities/towns, meeting the “last-mile” requirements of today’s economy, according to the firm.
The investor base includes foundations, public and corporate pension funds and other institutional investors from Europe and the United States.
The firm said Verdion European Logistics Fund 1 was formed to execute a new investment strategy, targeting value-add and core-plus investments in Germany, the Nordics, Benelux and other select markets across Europe. The fund has made four investments across Germany, the Netherlands and Czechia, to date.
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