Warburg-HIH Deutschland Logistik Invest, a €470m German logictics fund managed by Warburg-HIH Invest Real Estate, has been fully invested.
The manager said it has recently added a 100,000sqm portfolio of three assets to the logistics fund – which is now fully invested – adding that it is planning to launch a follow-on fund soon.
Warburg-HIH Invest said with this deal closed, the fund’s total equity in the amount of €280m is now invested. Together with the debt capital, the fund has a total volume of approximately €470m.
The three latest additions bring the number of properties held by the vehicle up to 13, the average remaining lease term being around nine years.
Alexander Eggert, a managing director at Warburg-HIH Invest, said the fund assets include the European distribution centre of Boeing as well as several future-ready last-mile logistics properties that have been rented by Amazon, among others.
“The blue-chip tenant mix of established logistics operators and the locations in economically strong logistics regions of Germany also help us to further diversify our fund portfolio,” Eggert said.
Carsten Demmler, managing director at Warburg-HIH Invest, said: “The fund met with very lively interest among our investors. It only took us about one year to complete the fundraising process, and the equity is fully invested now. We offer our investors a diversified portfolio with stable earnings. Since demand on the investor side remains high, and since we have other interesting assets in our pipeline, we will launch another logistics real estate fund with a similar structure before long.”
“We are planning to invest €150m in logistics real estate on behalf of our fund during the second half of 2021.”
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