Halverton Real Estate Investment Management and CBRE Investors have launched an investment fund called the 'Benelux Industrial Partnership'. Halverton, acquired last month by the Australian GPT Group, will lead and manage the fund's acquisition programme. All its equity has so far been provided by clients of CBRE Investors, the property investment management business of CB Richard Ellis. Halverton's Richard Croft said that the core focus of the Benelux Industrial Partnership would be to acquire multi-let industrial assets with attractive ingoing yields and potential to add value through active management.
Halverton Real Estate Investment Management and CBRE Investors have launched an investment fund called the 'Benelux Industrial Partnership'. Halverton, acquired last month by the Australian GPT Group, will lead and manage the fund's acquisition programme. All its equity has so far been provided by clients of CBRE Investors, the property investment management business of CB Richard Ellis. Halverton's Richard Croft said that the core focus of the Benelux Industrial Partnership would be to acquire multi-let industrial assets with attractive ingoing yields and potential to add value through active management.
Despite the fund's name, both parties say it has been created primarily for CBRE Investors clients to invest in multi-let industrial property in the Netherlands and Germany. Planned initial investments will total around EUR 200 mln and are expected to be fully made by September. The EUR 80 mln in equity the fund raised at its first close has been invested in three properties in the Netherlands. These comprise a new 22,000 m2 industrial estate in Helmond, the 33,000 m2 Amsterdam Trade Park and a 37-unit estate in the Avio Trade Park near Schiphol airport.
