LIP Invest is launching its third logistic real estate fund to target core-plus assets in Germany.

The Munich-based real estate investment specialist said the LIP Real Estate Investment Fund – Logistics Germany III (LIP Logistik III)  has received capital commitments from several institutional investors and is already in talks to buy its first asset.

The predecessor LIP Logistik II fund, which was launched in 2019, completed final closing with equity of around €260m. It is expected that LIP Logistik II will be fully invested soon with one more planned acquisition.

Bodo Hollung, LIP Invest partner and MD, said an “increasing number of investors around the world are feeling more comfortable with logistics real estate in Germany”, adding that the combination of stable value and reliable rental income is the reason for the unchanged attractiveness of the asset class.”

Hollung said the fund has received support from institutional investors from all circles, including an increasing number of savings banks and investors who know LIP from previous funds.

“Fortunately, investors in our first fund are already back in our third fund,” Hollung said.

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