Italian asset manager Coima Sgr is targeting €1 bn of investment in logistics this year with the launch of a new fund as it seeks to capitalise on the ‘huge potential in the sector for further growth’.
The Coima Logistics Fund II is a follow-on vehicle from the firm's first dedicated Coima Logistics Fund, launched in 2013, which invested some €100 mln and achieved an IRR of 18%.
The new fund will focus on creating a broad logistics platform fully aligned with the demands of contemporary occupiers through the acquisition of both leased properties and buildings to be developed and let.
The completed projects and those in pipeline comprise over 800,000 m² and total approximately €800 mln in value.
Coima Logistics Fund II already has over €400 mln of assets and is currently finalising an investment pipeline for a further €400 mln. Coima said plans for further investments this year will bring its total logistics portfolio to €1 bn.
Manfredi Catella, founder and CEO of Coima Sgr, said: ‘Coima began investing in the logistics sector in 2010, in partnership with specialist operator 2K, and today we continue to see huge potential in the sector for further growth.
‘After the success of the first Coima Logistics Fund, we are now pushing forward with a second wave of investment, continuing to target logistics assets that are fully aligned with the highest standards of sustainability and deliver what contemporary occupiers need.’
