Cording Real Estate Group has launched an open-ended fund to invest in core-plus European industrial assets.
The Cording Euro Industrial Real Estate Fund has been launched with an undisclosed equity commitment from Edmond de Rothschild and from a mandate managed by the multi-manager real estate team of Credit Suisse Asset Management.
The fund will invest in light industrial and small logistics properties, Cording said, adding that it has secured a strong pipeline of investment opportunities and has already signed the acquisition of 7 assets.
It aims to deliver to its investors an average net income return of over 6% per annum over a ten-year period.
Reiner Beckers, head of business development at Cording, said: “We believe this is a perfect time to launch an industrial fund. There is the opportunity to benefit from expected rental growth owing to the demand for space outstripping supply.
“This is particularly true of industrial sites in urban areas. We also aim to enhance income through our proven active asset management initiatives.”