Investment company Newport Logistics Fund has launched a pan-European fund that will finance the development, leasing and sale of modern, sustainable logistics properties.
The company, which is part of the Panattoni group, is aiming to raise €300m for Newport Logistics Fund III to finance the development of 10 to 12 facilities across Europe.
It has already secured two projects – a speculative development north of London and a build-to-suit development in Malaga, Spain. Further investments are in the process of analysis and selection in the rest of Europe.
Daniel Raemy, member of Newport Logistics Fund’s supervisory board and investment committee, said: “Our strategy for the future includes expanding our presence in Europe with more projects as a result of raising more capital.”
Szymon Ostrowski (pictured), managing director of Newport Logistics Fund, added: “Our goal is to achieve the returns expected by investors at 15% per year. Our priority is also to develop projects that have a positive impact on the environment. This meets the demand of tenants and the target warehouse owners to whom we sell our facilities.
“Investors appreciate the diversification of assets in strategic locations and the fact that they are getting the best projects and above-average returns. The confidence of investors, shown in such less favourable economic conditions, is a confirmation that we are able to select the best projects to deliver the promised returns.”
