Macquarie Goodman has announced the establishment of the Arlington European Logistics Fund, which will hold a portfolio of more than EUR 1.2 bn of industrial property when fully invested.
Macquarie Goodman has announced the establishment of the Arlington European Logistics Fund, which will hold a portfolio of more than EUR 1.2 bn of industrial property when fully invested.
The largest listed industrial property group in Australia, Macquarie Goodman said it has identified an opportunity to create an open-ended Continental European industrial sector specialist fund 'to meet the increasing demand for direct property investment vehicles'.
The fund's initial portfolio consists of 13 logistics properties in France (5), Germany (5), Belgium (2)and Italy (1). Investors have committed total equity of EUR 625 mln, of which 24% is to be contributed initially. The balance will be called in over a period of three years to fund new acquisitions.
