Fidelity International has raised an additional €110m for its Australian superannuation fund-backed European logistics real estate climate impact fund.
The Fidelity Real Estate Logistics Impact Climate Solutions Fund (LOGICS), which secured €200m in initial capital commitments a year ago, anchored by an €80m investment from Rest Super, has now raised the additional €110m from undisclosed investors.
Fidelity said LOGICS’s deployable assets have reached €620m and, since its initial closing, the fund has acquired €275m worth of assets consisting of 10 European properties in the Netherlands, Spain, Germany and France.
Adrian Benedict, head of real estate solutions at Fidelity International, said: “We are grateful to our investors across Europe and Asia-Pacific for their trust and commitment, enabling us to secure €620m in deployable capital to accelerate the energy transition in real estate. This investment underscores the growing global momentum towards sustainable development whilst delivering compelling returns to our clients.
“With this support, we will continue driving innovation and impactful change in the built environment. We anticipate further closes throughout the course of 2025 as we continue to attract strong investor interest.”
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