Fidelity International (“Fidelity”) today announces the final close of its Fidelity Real Estate Logistics Impact Climate Solutions Fund (“LOGICs”), securing €355 million of equity commitments from a global base of institutional investors, including cornerstone investor Rest. Including leverage, LOGICs brings €710 million of total investment capacity dedicated to accelerating the energy transition in the real estate sector.
Since its first close in March 2024, LOGICs has already deployed two-thirds of its capital – acquiring 14 logistics properties in Western Europe with a combined volume of c. €470 million. Fidelity expects the remaining capacity to be deployed in the coming months, supported by a deep pipeline of logistics opportunities identified by its investment teams.
Source: press release sent 20th of October