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BNP Paribas REIM Eurozone logistics fund raises EUR200 million

BNP Paribas Real Estate Investment Management (REIM) has so far raised half of the €400m fundraising target it set for its Eurozone Logistics Fund (ELF).

The manager said commitments from pension funds and insurance companies from France, Italy, Spain, Belgium and Ireland in the last two quarters has helped the ELF fund to raise €200m.

Launched in the third quarter of 2017, the fund focuses on logistics warehouses in the key Eurozone logistics hubs and targets an annual distribution of 5.5%.

IPE Real Assets – 04 April 2019