Newport Logistics Fund has set up its second fund, aiming to raise €100 mln for further investments in warehouses in Western Europe.
The resources gathered by the Luxembourg-based Newport Logistics Fund II will be invested into the construction and commercialisation of various types of warehouse properties.
Projects in the UK, Germany, Belgium, Spain and Sweden are currently in the analysis phase.
The key investment criterion is high standard sustainable construction, ensuring that the properties meet the ESG goals of both customers and users, with each project undergoing BREEAM certification.
Szymon Ostrowski, managing director of the Fund, said: ‘Our strategy assumes financing the construction of modern warehouses and logistics facilities in Europe based on the diversification of assets and their location in order to provide best returns for our investors.’
Newport Logistics Fund raised €50 mln for its first fund from investors in Western Europe, Poland, the USA and Dubai.
The resources have been fully invested in three projects in Amsterdam, London and Zgierz (central Poland).
The first project is a 23,400 m2 distribution centre in Almere near Amsterdam, to be delivered in early 2024.
The second investment is in West London close to Heathrow, providing 7,500 m2 of last mile logistics.
The last project is located in central Poland, near Zgierz, covering two buildings with a total area of 33,500 m2.