Ohio Bureau of Workers Compensation’s (BWC) investment board report has disclosed capital raising targets of €1.25bn for BlackRock’s fifth Europe property fund and $1bn for LBA Realty’s latest value-add logistics vehicle.

Investment consultant RVK revealed the BlackRock Europe Property Fund V and the LBA Logistics Value Fund VII funds capital raising targets as part of a list of available strategies put together for Ohio BWC.

It is currently unknown if the $28.9bn (€25.94bn) provider of workers’ compensation insurance will be backing the fund.

Europe V’s target fundraising amount is almost double the €700m raised for the predecessor Europe IV fund in April 2017.

As previously reported, the Florida State Board of Administration committed $100m to the European property fund.

Europe V will target office, retail and student housing.

The Value Fund VII fund will target US industrial and logistics properties. It is expected to seek low-to-mid-teen net returns.

Both BlackRock and LBA Realty declined a request for comment.

An earlier version of this story misstated the currency of BlackRock’s fundraising amount.