German logistics real estate fund manager RLI Investors is planning to launch a European fund that will invest in last-mile logistics properties.

In a trading update, RLI said by the end of 2019, the company’s logistics property and fund assets under management was up by almost 24%, to more than €1bn.

At the end of the period, the company had a total lettable area of 1.26m sqm under management, spread over 38 properties in Germany that are up to 99% let.

Peter Wenzel, managing director of RLI Investors, said: “We aim to continue to grow in 2020. This year, RLI is planning to launch a European fund that will invest in city ‘last-mile’ hubs in the core of Europe, with an absolute focus on Germany.

“With this in mind, we have further expanded our team of international real estate experts.”

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