AEW Europe has raised an additional €400m for its European logistics platform.

The investment manager said the equity took its Logistis vehicle to €1.7bn. 

Existing investors, including institutional investors from across Europe and Asia, backed the platform.

Remy Vertupier, fund manager at Logistis, said the company had a pipeline of attractive opportunities across its target markets in Continental Europe.

Demand for high-quality logistics properties continues to outweigh supply, he said.

The company said the additional equity raised would allow the Logistis platform, which holds 99 assets, to grow to around €3bn.

The fund will target Germany and the Benelux region, as well as other key European markets.

The origins of the platform go back 17 years.

AEW Europe merged three funds in 2012

Dutch pension investors APG and PGGM, and a fund of funds managed by TH Real Estate, are among investors in the platform. 

Last year, the fund manager invested €1bn in 16 assets and earlier this year invested €200m in a French real estate portfolio, increasing the size of the Logistis platform to €2bn.