Patrizia Immobilien has launched its first pan-European logistics real estate fund.

The investment manager is aiming to raise €500m for the fund.

Patrizia last year said a new logistics-focused division, based in Amsterdam, would target conventional and e-commerce assets.

Roger Peters, who has worked for Goodman and Prologis, and Arthur Tielens, who joined Patrizia last year from Valad, are running the department with Octavian Cristea.

“The logistics market in Europe,” Peters said, “still displays considerable growth potential in the coming years, as service providers and retail logistics are reconfiguring their supply-chain networks to timely satisfy the growing demand in the e-commerce sector.

“Our customers can take part in this growth process, as the recently acquired buildings are a mix of conventional or suburban distribution centres and urban or e-commerce facilities.”

Thirteen properties worth around €200m in France, Belgium, the Netherlands and Germany have recently been bought for the fund, Patrizia said.

The last mile in metropolitan regions, as well as conventional distribution properties, will be targeted for the fund.