Realterm closes EUR 100 million European logistics fund
Realterm has announced the successful closing of Realterm Europe Logistics Fund (Relf) at its hard cap of EUR 100 million to invest in the high flow-through (HFT) logistics real estate sector in Europe. Relf is the ninth fund raised across the Realterm platform and the firm’s first value-added fund in Europe.
Its first investment is a 10,'000 sqm HFT facility fully leased to DHL at the intersection of two key pan-European transport corridors – E40 and E19 in Brussels, Belgium. The property has an infill location with close proximity to Brussels Airport, the Benelux ports and a dense residential population.
HFT properties typically facilitate a change in transportation mode and include cross-dock truck terminals, transload and related transhipment, air cargo, parcel sortation, final mile warehouses and other e-commerce backbone facilities. (mw)