The industrial and logistics real estate specialist Realogis Real Estate GmbH has issued a new logistics property investment fund for institutional investors, in accordance with the new German Code of Investment Law (KAGB).
The “Realogis Real Estate Logistics Fund - Germany" with the risk profile "Core Plus" invests in top quality logistics real estate with long-term leases at good locations, properties with expiring leases and good alternative usage options and potential, and in older properties at top locations with high value-added potential. The fund also acquires properties in the project development phase.
"We have a substantial pipeline of available properties and we aim to acquire around EUR75 million of equity for the first closing at the end of 2014," says Bodo Hollung MRICS, Managing Director of Realogis Real Estate GmbH. The fund is construed for ten years and aims to generate a more than 7% dividend yield per year.
Bodo Hollung is a certified graduate in banking administration and real estate management and a RICS chartered surveyor. He was responsible for a logistics real estate portfolio to the value of more than EUR1.3 billion for many years, as the Head of Fund and Asset Management for an international project developer and a major fund initiator.