Panattoni-owned investment firm Newport Logistics Fund is seeking to raise €300m for its third pan-European logistics fund.
The Newport Logistics Fund III will finance the development, leasing and sale of modern, sustainable logistics properties, the company said.
Newport said Fund III, which aims to develop 10-12 facilities, has already secured two projects. The first is a speculative development north of London in the UK, and the second is a build-to-suit development in Malaga, Spain.
Newport established Fund II, the predecessor fund in the series, in March 2023. Fund II has already invested in projects in Austria, the Netherlands, France, Poland and Germany, with a total gross development value of €200m, the manager said.
The fund series finances the entire development cycle of modern logistics warehouses in Europe, from land acquisition to construction, lease, and sale. It targets a return of 15% per year.
Daniel Raemy, member of the supervisory board and investment committee at Newport, said: “Our strategy for the future includes expanding our presence in Europe with more projects as a result of raising more capital.”
Szymon Ostrowski, managing director at Newport, said: “Our goal is to achieve the returns expected by investors at 15% per year. Our priority is also to develop projects that have a positive impact on the environment.This meets the demand of tenants and the target warehouse owners to whom we sell our facilities.
“Investors appreciate the diversification of assets in strategic locations and the fact that they are getting the best projects and above-average returns. The confidence of investors, shown in such less favourable economic conditions, is a confirmation that we are able to select the best projects to deliver the promised returns.”
To read the latest IPE Real Assets magazine click here.
