The closing at the end of 2024 follows a EUR 150 million commitment in September of the same year by CBRE Investment Management, on behalf of a its Indirect Private Real Estate Division. Initial closings of EUR 75 million were sourced exclusively from investors in the inaugural 2020 vintage of Verdion’s flagship VELF fund series. Capital-raising is ongoing.

Verdion European Logistics Fund 2 has a value-add strategy to acquire and reposition under-capitalised and under-managed logistics properties in established locations across Northern Europe, leveraging Verdion’s vertically-integrated team and technical expertise to undertake refurbishment and development projects in-house. 

Activity is already underway with Verdion recently agreeing a second acquisition and major prelet to cosmetics distribution brand Sæther near the northern Danish port city of Helsingør. Its first asset – a EUR 33.5 million, DGNB Gold-certified distribution centre at Horsens within Denmark’s triangle region – completed mid last year. A pipeline of further acquisitions is in place, with a focus on Germany, in addition to Sweden, Denmark and the Netherlands.  

Verdion’s first fund, VELF 1, reached final close in 2020, having raised EUR 158 million. Together with debt, it has invested over EUR 300 million on the acquisition and enhancement of eleven logistics assets across Germany, the Netherlands, Denmark and Czechia. Following the sale of a facility for UPS next to Prague Airport in 2022, the disposal of assets in Germany and the Netherlands are well advanced and expected to complete in Q1 2025. 

“This commitment is a further sign of confidence in our approach, amid a challenging capital raising environment. Interest in our value-add strategy is strong, and our focus on creating and repositioning into market-leading assets with technical innovation and excellent ESG credentials at their core, remains attractive to investors from the US, Northern Europe and Asia-Pacific,” says Simon Walter, Executive Director – Investment Management, at Verdion.