GREYKITE European Real Estate Fund (the “Fund”) and affiliates announce the creation of Silverdock, its European logistics platform, which, following last year’s 13-asset pan-European portfolio acquisition from Logicor and three new additional off-market transactions, currently totals €800 million of assets under management.
The UK add-on portfolios, acquired in three separate transactions, total approximately 4 million square feet across 13 properties and deepen the Fund’s presence in key, predominantly urban, submarkets, characterised by a critical undersupply of high-quality, well-connected logistics space.
Consistent with GREYKITE’s track record of partnering with best-in-class operators, the UK portfolio will be managed by Canmoor, a leading UK logistics operator with a strong track record in asset performance and operational excellence. The Fund has also partnered with Bowery, a leading European logistics operator, to manage the assets in Continental Europe.
In total, Silverdock comprises 25+ primarily single-tenant assets in key strategic distribution hubs across Europe. The portfolio is currently 99 percent occupied and leased to a diverse, blue-chip tenant base with strong covenants, across sectors including e-commerce, third-party logistics, manufacturing, and food distribution. The portfolio offers significant reversionary potential and is positioned to benefit from proactive asset management and further asset aggregation. This positions Silverdock to be a leading presence in the European logistics space, poised to meet growing demand in the evolving supply chain landscape.
Silverdock’s formation underscores GREYKITE’s conviction in the resilience and long-term growth potential of the European logistics sector. Demand for well-located logistics space continues to outpace supply, driven by e-commerce penetration, evolving consumer behaviour, and the reconfiguration of supply chains in response to geopolitical pressures. Structural constraints on new development, including rising construction costs and zoning difficulties, have further supported rental growth across European markets.
Michael Abel, Founder and CEO of GREYKITE, commented: “Silverdock underscores our commitment to delivering best-in-class logistics assets across Europe’s key markets, partnering with local market experts like Canmoor and Bowery, which enhances our ability to unlock value through operational expertise. The ongoing market dislocation we are seeing across Europe continues to restrict the pool of capital with the firepower and conviction to invest, and this relative hiatus, coupled with our ability to identify, and then successfully facilitate transactions with, pockets of motivated sellers, has enabled us to capture the next wave of logistics demand across Europe’s most dynamic markets.”
Dan Valenzano, Senior Partner of GREYKITE, added: “Silverdock’s launch is the culmination of a targeted and proactive investment strategy focused on assembling institutional-grade logistics assets in structurally undersupplied locations. With Silverdock, we are not only aggregating scale, but also creating a unique platform with embedded growth, strategic optionality, and long-term relevance in the European logistics sector.”
