USD 150 million for airport logistics fund
Realterm has successfully raised USD 150 million in capital commitments for its open-ended fund, Realterm Airport Logistics Properties (Ralp). Ralp has now gained approximately USD 900 million in total equity commitments since its formation in 2015, with all original investors still in the fund.
Ralp serves as the exclusive investment platform for Aeroterm, which specialiises in the development, redevelopment and acquisition of on-airport air cargo and aviation-related support facilities, including cargo buildings, hangars, and flight kitchens.
“Ralp’s North American portfolio and projects create jobs, improve sustainability and drive local businesses across North America,” said David Rose, managing director and senior fund manager. (cj)