Principal Global Investors has announced that it has entered into a partnership with French asset management company Theoreim as partof a new fund launch.
The new Log In investment fund for retail investors will focus on industrial and logistics assets within Europe and is available to French retail investors.
Principal Real Estate will be in charge of identifying, analyzing, and recommending investment opportunities while following and managing the different property assets held by the fund. Theoreim will manage the SCPI, handling investment choices, the management orientation of the fund,and marketing to investors.
Log in’s strategy is to invest in industrial premises, storage areas, research centers,and data centers tosupport companies, through real estate, in the different challenges linked to the management of their production chains in Europe.
Guillaume Masset, head of Transactions and Asset Management-Europe for Principal Real Estate, commented: ‘The reindustrialisation of Europe and current e-commerce boom present very strong investment fundamentals for a fund like Log In. Principal Real Estate is delighted with this alliance with Theoreim based on our local presence in the main European real estate markets and demonstrates the relevance of our approach at Principal, which includes partnering with French managers in their investments abroad.’
Retail investors can invest in Log In directly from €1,000. Its investment thesis requires a long-term mindset. The recommended holding period is 10 years with an IRR target of over 5%
