Pan-European logistics real estate specialist Verdion has secured a further €100 million ($103 million) commitment for VELF 2, taking the level of closed capital in its second value-added fund to more than €300 million ($309 million).
The closing at the end of 2024 follows a €150 million ($154 million) commitment in September of the same year by CBRE Investment Management, on behalf of its Indirect Private Real Estate Division. Initial closings of €75 million ($77 million) were sourced exclusively from investors in the inaugural 2020 vintage of Verdion’s flagship VELF fund series. Capital raising is ongoing.
Verdion European Logistics Fund 2 has a value-added strategy to acquire and reposition undercapitalized and undermanaged logistics properties in established locations across Northern Europe, leveraging Verdion’s vertically integrated team and technical expertise to undertake refurbishment and development projects in-house.
Activity is already und