Ott Ventures, the private equity arm of the family office of Orco Property Group & MaMaison Hotels & Residences founder Ott Properties, has launched its first logistics fund.
The Sicav structure debuts with a focus on light industrial and last mile logistics assets in the city of Prague, with a preference for small and mid-sized properties and assets that have the potential to be refurbished or developed.
The venture has been building its investment pipeline over the past 10 months. According to Ott, its initial investments are let to tenants ranging from food manufacturers, distribution and storage to hat makers and micro-breweries.
Van Der Meer, a member of the Velvet fund board, said: 'During the pandemic, the logistics and light industry sector has grown in terms of importance and revenue.'
Added Jean Francois Ott, founder and CEO of Ott Ventures: 'The current market situation is very similar to the GSG opportunity in Berlin, where great upside was built, and assets acquired.'
The Ott Group successfully built on its investment into Germany's GSG - formerly known as Orco Germany - by expanding its holdings to around 1 million m2 of commercial and light industrial properties.
Ott Ventures launched its first Velvet-branded fund in November of last year, with the creation of the Velvet hotel fund. This vehicle, with a focus on CEE properties, is designed to take advantage of turbulence in the hospitality sector, and build up a portfolio of hotel properties for post-pandemic growth.
