AEW´s Logistis fund bags Bremen asset

Investment manager AEW has bought a 29,000 m2 logistics site in Bremen harbour for its Logistis fund.

The site is fully let on a 10-year lease, and in line with plans to spend €500 mln in Germany over the next two years.

The fund raised €85 mln for its second close in March, taking its equity to €600 mln.

´We are currently targeting further German acquisitions already identified by our local teams,´ said Logistis fund manager Rémy Vertupier. ‘We will continue to build a high quality portfolio that provides a relatively high stable income return.´