Tritax London Logistics Fund (TLLF) is on track to meet its equity raise target of £400m in 2026 after raising £204m of new equity in Q3 2025.
In a trading update, the fund said it had raised the new capital from global investors of CBRE Investment Management’s Indirect Strategies platform.
It added, conversations to raise the remaining equity were progressing well, with the expectation of meeting the original £400m target ahead of the fund’s original timeframe.
TLLF also confirmed it had acquired the 62,000 sq ft PR1 unit at Park Royal in West London from Patrizia for £43.9m. The acquisition of the unit, which is let to Classic Fine Foods, follows on the back of the August purchase of a 63,804 sq ft unit at Communications Park near Heathrow.
Nick Ireland, fund manager at Tritax London Logistics Fund, said: “We are extremely encouraged by the level of interest in our equity raise which is a strong endorsement of the quality of the portfolio and our investment strategy. Partnering with CBRE IM Indirect Strategies has enabled us to secure over £200m from a high-quality group of global investors. Achieving the position of second strongest performer in the MSCI/AREF UK Quarterly Property Index gives us further conviction in our strategy as we continue to add quality new assets – like Park Royal and Communications Park – to our reshaped portfolio.”
Robert Muilwijk, senior director at CBRE IM Indirect Real Estate Strategies, added: “We have been a significant investor in the Tritax London Logistics Fund since its launch. The £204m increase reflects our support for a strategic expansion into Greater London, while maintaining a significant exposure to the prime Heathrow seed portfolio. The combination of best-in-class assets, Tritax’s proven fund strategy and asset management expertise, together with the updated fund structure and strategy, presents a compelling long-term opportunity for our global investors.”
JLL’s corporate finance team is retained to advise TLLF on the fund’s equity raising strategy.
