Logivest leases warehouse space in Hamburg-Harburg
Aug 31, 2021 at 5:26 PMPanattoni hands over extension building in Grünheide to GLX Global Logistics
Aug 31, 2021 at 6:00 PMLIP Invest, a leading investment manager for logistics real estate in Germany, is launching its fourth logistics real estate fund. The BaFin has granted the distribution license for the “LIP Real Estate Investment Fund – LOGISTICS GERMANY IV”. Thus, it is now open for subscription to institutional investors.
(Munich) The fund primarily targets pension schemes, pension funds, as well as banks and savings banks. Through the renewed collaboration with the service KVG INREAL, all regulatory and bank-specific reporting requirements can be met.
Several investors have already committed to participating in the fund. Investors in the first closing can expect a rapid capital call within a few months due to a secured pipeline of over 100 million euros.
With a core strategy, the fund – like its three predecessors – will focus exclusively on Germany, by far the largest and most important logistics market in Europe. As part of a broad diversification, the fund will concentrate on established and future-proof locations for logistics-affine uses with sustained space demand. The fund’s concept also includes aspects of environmental sustainability, social responsibility, and corporate governance.
Portfolio Increases to 1.3 Billion Euros
“Despite the rising prices in many asset classes, logistics real estate continues to offer an attractive investment opportunity with secured cash flow and the chance for rent increases due to increasingly limited space availability,” says Bodo Hollung, founder and managing director of LIP Invest.
Hollung further states: “In specialized real estate like logistics, more and more investors are relying on so-called investment boutiques, small asset managers specialized in their asset class. In the last three years alone, over 50 institutional investors have participated in the LIP logistics real estate fund with over 770 million euros.”
With an investment volume of around 1.3 billion euros, the LIP portfolio now consists of 45 properties with a total rental area of 930,000 square meters and rental income of over 55 million euros. After the planned leasing of properties that were acquired with nearly 20,000 square meters of partial vacancy, the entire real estate portfolio is fully rented.
Photo: © LIP / Image Caption: Bodo Hollung, founder and managing director of LIP Invest
