Savills Investment Management and Kajima Properties Europe have teamed up to invest on behalf of Asian investors seeking logistics assets in Europe.
The duo have launched a new partnership with the acquisition of Panattoni Europe’s interest in the 144,880sqm Łódź City VI logistics park in central Poland.
Kajima said the partnership will target increasing investor appetite from Asia for acquisitions in the European logistics sector.
John Harcourt, managing director, Kajima Properties Europe, said: “Whilst Kajima has been an active investor in European logistics development for over 4 years now, we are now actively looking to complement this with a longer-term strategy of identifying and acquiring a diversified range of logistics assets in partnership with the growing appetite of Asian investors seeking the stable returns offered by the sector and region.
“We have already identified a number of target opportunities with which to grow this side of the business.”
Jon Crossfield, head of strategic partnerships, Savills Investment Management, said: “The combination of our own track record in the sector in Europe with now over €4bn under management, plus Kajima’s ability to develop high-quality assets across CEE and Western Europe offers a really exciting opportunity for our clients.”
To read the digital edition of the latest IPE Real Assets magazine click here.