Independent investment and asset manager Scantum DW is launching a €400 mln core logistics real estate fund targeting institutional investors.
The Scantum DW Core Logistics Fund will be advised by logistics company Schnellecke Group and managed by Universal-Investment as the capital management company.
Targeting institutional investors, the open-ended fund will focus on new-build logistics properties, launching in Q2 2025 with an initial €100 mln portfolio. All properties should be awarded at least a DNGB Gold certificate.
Holger Wachter, shareholder of the DW Group, said: ‘Our goal is for the Scantum DW Core Logistics Fund to meet the high standards of the fund and logistics industry," emphasizes, In addition to traditional location and property criteria, the focus is on core criteria.’
Alexander Polsak, shareholder of Scantum DW, commented: ‘For us, this institutional real estate fund represents a new milestone in the success story of Scantum DW. It combines our many years of real estate and fund experience with Schnellecke's know-how in operational logistics. This creates an exceptionally attractive product for investors.’
Ludwig Büttenbender, managing partner of Schnellecke Real Estate, added: ‘As a logistics company, we have over 80 years of experience in the realization of logistics properties and the optimization of processes for our customers. The analysis and development of ideal locations is one of our core competencies that we can bring to this fund.’
The Scantum DW Core Logistics Fund, managed by Scantum DW and Schnellecke experts, aims for a 5.25%-5.50% distribution yield. Following regulatory approvals, the fund (which already has a seed investment) will begin active operations in Q1 2025, with Universal-Investment serving as the capital management company.
The fund's initial €100 mln portfolio will include several Lower Saxony logistics properties, with additional projects in Bavaria and Saxony-Anhalt under review. These include properties developed by Schnellecke and other reputable developers, all meeting modern standards and leased long-term to high-credit tenants.
