RLI Investors, the independent asset and fund manager and a specialist for logistics properties in Germany, has successfully started the placement and investment phase for the RLI Logistics Fund – Germany II. After first subscriptions by renowned institutional investors in the amount of around €100m and the first closing, RLI has started the investment phase.
The open-ended segregated real estate fund will invest in a diversified portfolio of logistics properties in Germany and targets an investment volume of circa €350 to 400m. It has a term of ten years and a targeted annual distribution yield of 6.75%.
Peter Wenzel, Investment Manager at RLI: "Our property pipeline is well-filled. We are currently examining promising offers of diverse objects at top locations in Germany which conform exactly to our fund strategy."
The investment profile of the RLI Logistics Fund – Germany II follows mainly the investment strategy of its successful predecessor, the RLI Logistics Fund – Germany I. Under its core-plus strategy, the fund will buy industrial, retail and e-commerce logistics properties in good and prime locations across Germany over the coming months. Investment candidates fall into two categories: high-quality properties with long-term leases and properties with expiring leases that are fully suitable to a broad range of occupiers; and older properties with high value potential. In addition, the fund can buy assets very early during the development stage via forward purchase and forward funding agreements.
