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European Logistics Fund

TH Real Estate launches European Logistics Fund

TH Real Estate launches European Logistics Fund

The European Logistics Fund (ELOF) presents an investment opportunity for German clients seeking low risk assets. ELOF has raised over €200m capital to date, since marketing commenced in late March 2016. The target capital raise is €250m by the end of the year. Investors to date include pension funds, insurance firms and banks comprising a club of 8–10 investors.

The Fund is targeting a portfolio of approximately €400m with gearing predominantly in France, Spain, the Netherlands and Italy.

TH Real Estate owns logistics assets across the globe. In Europe, these are predominantly in Germany, France and the UK. Local TH Real Estate teams of specialists invest, manage and engineer the growing portfolio. In 2015, the firm launched Pan-European Logistics Venture (PELV) a c.€360m European logistics vehicle, comprising seven assets and c.6.5 million sq ft (c.600,000 sq m) across France, Germany, the Netherlands and Spain.

Stefan Wundrak, Head of European Research at TH Real Estate, comments: 'A myriad of demographic, economic, social and technological changes stemming from broader global megatrends are impacting the logistics sector. Properties must evolve to cater to complex commercial needs and increased supply chain complexity, and we expect continued sector adaptation. Smart investors need to follow these changes closely to anticipate and take advantage of how megatrends impact different cities, countries and markets segments.'

Tim Hennes, Senior Investment Manager for European logistics will be the Fund Manager for ELOF and will work with the firm's local European offices to source investment opportunities.

Thorsten Kiel, Head of Logistics Europe for TH Real Estate, said: 'This Fund follows the success of our growing logistics platform. It offers a compelling investment opportunity given that logistics space requirements are increasing in developing countries in order to adapt to the growth of middle class households. With e-commerce further shaping demand for logistics and warehousing facilities, we have been continually offering opportunities for investors to gain exposure to this growing sector. Now, c.€8.5bn globally of our AUM sits within the industrial sector and we are pleased to leverage this expertise with the launch of ELOF.'

Issued by Henderson Real Estate Asset Management Limited, 201 Bishopsgate, EC2M 3BN. Authorised and regulated by the Financial Conduct Authority. TH Real Estate is a name under which Henderson Real Estate Asset Management Limited provides investment products and services. Past performance is not a guide to future returns. The value of investments and any income will fluctuate (this may be partly be the result of exchange rate fluctuation) and investors may not get back the full amount invested. Where opinions have been expressed, they are based on current market conditions and are subject to change without notice.

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