IVG and Garbe Logistik AG Hold First Close
IVG and Garbe Logistik AG have raised a total of approximately €120 million in equity from institutional investors for their IVG Garbe Logistik fund. The fund launched in March 2012 with a €400 million fundraising goal. It invests exclusively in core logistics properties at established locations in Germany. The properties must have high potential for third-party utilisation and tenants with good credit quality. It aims to be fully invested by the end of 2014.