BNP Paribas REIM has announced the first closing of the new CORE Eurozone Logistics Fund (ELF) in Q3 2017.
Target investment opportunities are mainly located in key logistics hubs within Germany, Benelux & France. These countries will represent the largest part of the portfolio allocation. The first transaction has been closed in summer 2017. ELF has acquired a brand-new logistics warehouse in the Netherlands, fully let to DSV, one of the leading 3PLs worldwide. Strategically placed in ‘s-Heerenberg, in a proximity of the German border, the property is a short distance of the Ruhr region, the fifth largest metropolitan region in Europe.
According to Henri Romnicianu, Head of Capital Raising of BNP PARIBAS Real Estate Investment Management business line for pan-European funds: “Core European investments continue to present attractive investment opportunities. Our sector-dedicated strategy perfectly meets the requirements of pension funds and insurance companies looking for income and diversification. Investors will benefit from our in-depth knowledge of the logistics sector and the Eurozone Logistics Fund will add to the unique range of sector-dedicated strategies offered by BNP Paribas REIM business line.”
ELF is a SICAV-SIF based in Luxembourg, managed by BNP Paribas REIM Luxembourg, and dedicated to institutional investors.
