Edmond de Rothschild Real Estate Investment Management has raised a further €200 for its core-plus European industrial property fund.

The new commitments, which raise the equity in the Edmond de Rothschild Euro Industrial Real Estate Fund (EIREF) to €340m, were secured from some large German investors, some institutional and private clients of Edmond de Rothschild as well as several existing investors in the fund.

The manager said the new equity secured gives EIREF a €500m investment capacity. The fund currently has a portfolio of 27 assets, valued at €220m.

Theo Soeters, fund manager for EIREF at Edmond de Rothschild, said the additional capital commitments will allow the fund to grow and diversify into France while continuing investing in the Benelux and Germany. We expect the portfolio to reach €500m during 2023.”

EIREF was launched in December 2018 by Edmond de Rothschild REIM to invest in light industrial and small logistics assets in urban areas in Benelux, Germany and France, capitalising on the growth of e-commerce, last-mile delivery and reshoring. Its cornerstone investor was Credit Suisse Asset Management, with co-investment from Edmond de Rothschild.

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