Closed Fund

German Logistics Fund

An experienced logistics team responsible for four logistics fund’s across Europe, with a major focus on the German market.

Key facts

Target sector German logistics
Target return Target average income distribution yield of 8.0% (net) per annum and an annualised IRR of 8.0% (net) per annum on invested capital over the life of the Fund.*
Fund structure German Spezial-AIF
Fund term Open-ended (launched in 2012); 8-12 years
Currency Euro
Fund value €246m ($c.303m)
No. of assets 15
Max gearing 45% of GAV
Fund Manager Thorsten Kiel
Investment strategy
  • Focuses on good quality German logistics schemes with secure leases
  • Concentrated on sustainable logistics locations with proven tenant demand
  • Blended portfolio of shorter and longer leases
  • Avoids bespoke properties to limit future letting risk

Responsible Property Investment (RPI) strategy

With regard to new investment opportunities for the German Logistics Fund, issues of sustainability are met with a high degree of focus. Two of the Fund’s assets in Bad Durkheim and Winsen have been awarded DGNB Gold ratings and as we seek to deploy investment capital over the coming 12-18 months, issues of solar energy, recyclable and resource-efficient building materials, as well as the adoption of energy saving construction measures will continue to play an important role in our decision making processes.

Further information on TH Real Estate's RPI policy

*Target returns cannot be guaranteed. The ultimate returns realised by the Fund will depend on numerous factors that are subject to uncertainty. Accordingly, there can be no assurance that any return objectives will actually be realised.

Source: TH Real Estate, 31 March 2018

 
Thorsten Kiel

Thorsten Kiel

Fund Manager

Thorsten's biography
A specialist German logistics real estate fund providing investors with the opportunity to gain exposure to an attractive level of income distributions and total returns.
Tim Horrocks

Timothy Horrocks

Fund Director

Timothy is Head of Continental Europe and has 27 years’ experience in real estate. As Fund Director, he reviews strategies, transactions and other key matters for the Fund.

+4969667736846 More about Timothy
Thorsten Kiel

Thorsten Kiel

Fund Manager

Thorsten is responsible for the investment and asset management activities of our European logistics franchise. He leads the team managing four European logistics mandates on behalf of our international clients.

+4969667736849 More about Thorsten
James Ellis

James Ellis

Investment Manager

As Investment Manager for the European Logistics Fund, James is responsible for identifying and underwriting new acquisitions and overseeing the transaction process as the Fund targets $500m AUM.

+4969667736841 More about James
Stephen Seibert

Steven Siebert

Senior Asset Manager

With over 17 years of real estate experience, specialising in the industrial sector, Steven is responsible for all German logistics assets under management and also supports the European Logistics Fund.

+4969667736812 More about Steven
Jana Fiedler

Jana Fiedler

Client Services Manager

Jana is responsible for client communications and service across Germany and Austria. She has 11 years of experience in the real estate industry.

+4969667736887 More about Jana
Dominik Schneidmann

Dominik Scheidmann

Analyst

With over three years’ experience, Dominik focuses on acquisitions and financial modelling responsibilities across the logistics and retail funds in Germany.

+4969667736894 More about Dominik