{"id":1004414869,"date":"2020-04-10T05:05:16","date_gmt":"2020-04-10T13:05:16","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004414869"},"modified":"2020-04-10T05:05:16","modified_gmt":"2020-04-10T13:05:16","slug":"realterm-closes-109m-european-logistics-fund","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/realterm-closes-109m-european-logistics-fund\/","title":{"rendered":"Realterm Closes $109M European Logistics Fund"},"content":{"rendered":"
\"\"<\/a>

Brussels DHL facility. Image courtesy of Realterm<\/em><\/p><\/div>\n

Realterm, a logistics real estate<\/a> investment management firm, has closed Realterm Europe Logistics Fund at $109.3 million, or \u20ac100 million, to invest in high flow-through logistics assets in Western Europe. RELF is the ninth fund raised across the Realterm platform and its first value-add fund in Europe.<\/p>\n

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READ ALSO<\/strong>: Blackstone Closes $10.7B European Fund<\/a><\/p>\n

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The fund\u2019s first acquisition is a 107,600-square-foot facility in Brussels, Belgium, that is fully leased to DHL. Located at the intersection of two key pan-European transportation corridors\u2014E40 and E19\u2014the property is an infill site with close proximity to Brussels Airport, the Benelux ports and a dense residential population.<\/p>\n

Balazs Lados, managing director for Realterm Europe and the RELF fund manager, said in prepared remarks that the facility is suitable for a wide variety of operations, including air cargo, e-commerce fulfillment, regional distribution and last-mile delivery.<\/p>\n

HFT properties typically include cross-dock truck terminals, transload and related trans-shipment, air cargo, parcel sortation, final-mile warehouses and other e-commerce backbone facilities. They are strategically located in and around major population centers, primary distribution hubs and along major pan-European freight corridors. HFT facilities are critical to the efficient flow of goods through the supply chain.<\/p>\n

Lados told Commercial Property Executive<\/em> the fund was sized to fund 12 to 18 months of acquisitions. \u201cWe expect this time frame compressing due to a dislocation in the market [caused by the Covid-19 outbreak]. We are accelerating our outreach and expect to deliver results once travel restrictions are lifted,\u201d<\/em> he said.<\/p>\n

Lados said the fund will be targeting core Western European transportation advantaged markets with good access to infrastructure, a wide consumer base and labor force along major pan-European freight corridors in the Netherlands, Belgium, Germany, France, Spain and Italy.<\/p>\n

\u201cWe also have the capability to do UK, where we see a lot of assets and submarkets we like, but waiting on how Brexit and FX rate to the euro will play out,\u201d <\/em>he told CPE<\/em>.<\/p>\n

Realterm platforms<\/strong><\/h2>\n

Headquartered outside Washington, D.C., in Annapolis, Md., the firm has more than $4.5 billion in assets under management and seven additional offices\u2014Amsterdam, Montreal, Mumbai, Singapore, Chicago, Houston and Los Angeles. Realterm manages three vertically-integrated investment platforms\u2014Realterm Logistics, the largest owner of HFT logistics real estate in the U.S.; Aeroterm, the largest owner of on-airport cargo logistics real estate operating in North America, and IndoSpace Logistics Parks, the largest industrial development platform in India.<\/p>\n

In January 2019, Realterm Logistics acquired the Elmsford Distribution Center in Elmsford, N.Y., a 386,000-square-foot warehouse\/distribution complex<\/a> from Mack-Cali Realty Corp. for about $70.3 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Realterm Europe Logistics Fund, the firm\u2019s first value-add fund in Europe, has acquired a 107,600-square-foot logistics facility in Brussels, Belgium.<\/p>\n","protected":false},"author":1068,"featured_media":1004414947,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21748,16,21742],"tags":[34893,32914,33554],"class_list":["post-1004414869","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-industrial","category-international","category-latest","tag-dhl","tag-e-commerce","tag-mack-cali-realty-corporation"],"acf":[],"yoast_head":"\nRealterm Closes $109M European Logistics Fund - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/realterm-closes-109m-european-logistics-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Realterm Closes $109M European Logistics Fund\" \/>\n<meta property=\"og:description\" content=\"The Realterm Europe Logistics Fund, the firm\u2019s first value-add fund in Europe, has acquired a 107,600-square-foot logistics facility in Brussels, Belgium.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/realterm-closes-109m-european-logistics-fund\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-10T13:05:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/Brussels-DA_property-aerial.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gail Kalinoski\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/realterm-closes-109m-european-logistics-fund\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/realterm-closes-109m-european-logistics-fund\/\",\"name\":\"Realterm Closes $109M European Logistics Fund - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/realterm-closes-109m-european-logistics-fund\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/realterm-closes-109m-european-logistics-fund\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/Brussels-DA_property-aerial.jpg\",\"datePublished\":\"2020-04-10T13:05:16+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/realterm-closes-109m-european-logistics-fund\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/realterm-closes-109m-european-logistics-fund\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/realterm-closes-109m-european-logistics-fund\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/Brussels-DA_property-aerial.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/Brussels-DA_property-aerial.jpg\",\"width\":800,\"height\":620,\"caption\":\"Brussels facility. 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