Realterm, a global logistics investment manager, announced the successful final closing of its closed-end, value-add, pan-European Realterm Europe Logistics Fund II (RELF II). RELF II is the only pan-European fund series focused exclusively on the transportation-advantaged industrial outdoor storage (IOS) sector, alongside other transportation logistics real estate properties.
RELF II’s over €470 million in capital commitments substantially exceeded the fund’s €400 million target, with participation from 17 U.S. and European institutional investors, including a diverse mix of endowments, foundations, public and corporate pension plans, OCIOs, multi-managers and funds of funds.
“This fund closing represents a tremendous success for our firm and recognition by our partners of the differentiation of our strategy and ability to execute in what has been an extremely challenging fundraising environment,” said Peter Lesburg, Managing Director and Global Head of Capital Markets for Realterm. “We are deeply grateful for the trust our limited partners have placed in Realterm, which enables us to further expand our European platform and capitalise on the significant opportunities we see in the European transportation logistics sector.”
“We believe this will prove to be a phenomenal fund vintage,” said Balazs Lados, Managing Director at Realterm and Fund Manager for RELF II. “Despite macro and geopolitical headwinds, our conviction remains solid in investing in transportation logistics real estate in primary and key secondary markets along pan-European transport corridors that are serviced by mission-critical infrastructure hubs across Western, Central and Southern Europe. We look forward to aggregating a high-quality portfolio on behalf of our new and returning limited partners.”
The fund has already deployed a substantial portion of its capital. Current portfolio exposure spans the Netherlands, Belgium, the United Kingdom and France, with plans to expand into Germany, Spain and Italy.
The fund targets real estate properties strategically located along major freight corridors and transportation networks throughout the
European Economic Area, Switzerland and the UK. The fund’s investment focus includes first mile, transload and final mile facilities, as well as transportation-advantaged industrial outdoor storage properties that facilitate the efficient movement of freight through the supply chain.
