US public pension fund Teacher Retirement System of Texas (TRS) and Feldberg Capital have invested an initial €100m to launch a German logistics real estate investment partnership.
The initial capital from the pair will enable the joint venture to develop a German portfolio with an expected value exceeding €200m.
Rodney Bysh, CEO and managing partner at Feldberg Capital, said: “The collaboration with TRS represents a major milestone for Feldberg Capital and serves as a strong endorsement of our platform strategy.”
Robert Bahr, managing director at Feldberg Capital, said: “The German logistics market currently offers particularly attractive opportunities due to falling land prices, sustained occupier demand, extremely low vacancy rates and rising demand for modern, mid-sized logistics facilities of less than 50,000sqm.
“Together with reliable partners, we intend to capitalise on these opportunities.”
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