LIP Invest, an investment manager for logistics real estate in Germany, announced on Wednesday that it is planning to launch its fourth logistics real estate fund in the third quarter of 2021.
Like its predecessors, the fund is planned to be structured as an open-end real estate special AIF with fixed investment conditions and will exclusively invest in high-quality logistics real estate in Germany.
The fund is targeting to reach a volume of €430 mln, including €240 mln of equity. The fund will follow a core investment strategy, seeking to reduce risk through different sizes of individual properties, different property types, different lease terms, several financing partners and investments in different logistics segments.
The announcement follows the raising of €291 mln of equity for LIP’s third logistics fund, which was launched in October 2020.
‘With a volume of €525 mln, the fund is expected to be fully invested in the third quarter of 2021. We have already purchased 12 properties and we are currently in the purchasing process for five properties. We are also in promising purchase negotiations for four other properties,’ said Jan-Nicolai Tröndle, head of Acquisition at LIP Invest.
