AEW completes €750m capital raise for logistics fund

Global investor AEW announces that it has raised an additional €750 mln in equity for Logistis, its specialist pan-European logistics strategy, bringing the fund’s total net equity to €2.3 bn.

AEW said that the new equity - which has been raised entirely from existing investors - would help the fund continue to diversify its footprint across the main European logistics hubs via its speculative 'develop-to-core' strategy. The fund is targeting a volume of around €4 bn assets under management.

Rob Wilkinson, CEO of AEW in Europe, commented: 'With the support of our clients, we will continue to scale-up the Logistis platform.

'Fast-changing consumption trends, the growing penetration of e-commerce and new technologies are all reshaping supply chains and underpin the strong yet growing demand for well-located flexible logistics space.'

According to AEW, the Logistis platform celebrates its 20th anniversary this year, making the firm one of the first European investment managers to enter the logistics space. Its portfolio today comprises 131 Grade A logistics assets located across 52 sites in France, Germany, Belgium, the Netherlands, Poland, the Czech Republic, Italy and Spain, with a total value of approximately €3.3 bn.


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