The fund manager Realterm has announced the closure of its first logistics fund for the European market – Realm Europe Logistics Fund (RELF) -, which has €100 million to spend. In addition, the North American firm has acquired the first asset through this vehicle.
The RELF is the ninth fund created on the Realterm platform and the firm’s first value-added fund in Europe. The fund’s first investment has been a 10,000 square metre HFT (high flow) platform, which is leased in its entirety to DHL and located at the intersection of two key pan-European transport corridors – the E40 and E19 highways in Brussels, Belgium. The property is located near to Brussels airport and the Benelux ports, in a densely populated area, according to Europa Press.
