The new open Luxembourg Fund, managed by the head of the EMEA Direct Logistics Strategies Christina Forrest, provides a combination of stabilized assets that provides long -term revenues and an asset spipeline that can create growth. It currently has a stock of 58 properties with a good location of a total of 2.3 million square meters distributed in nine countries with a rental rate of 97 % and a Wault of 5.7 years*. The fund is actively looking for new opportunities to grow further and has the ambition to reach EUR 5 billion in the short term*.
ELP will benefit from a simplified flow, with a dynamic Core-Plus strategy designed to utilize the current attractive market environment, with the goal of delivering a high return by carefully choosing assets and operations, focusing on sustainability. The goal is a net return of 7–9 % per year (depending on the market conditions).
Christina Forrest, head of EMEA Direct Logistics strategies at CBRE Investment Management, says: “The combination of these very complementary portfolios has created an improved platform with immediate scalability, improved diversification and high growth potential, while improving efficiency - which ultimately benefits investors. The increased need for e-commerce companies to provide faster and cheaper deliveries, in combination with continued change in the supply chain and an increased focus on reuse, is driving the demand for logistics infrastructure and we see continued interesting opportunities for the sector. ELP will positively position us to create opportunities for our investors. ”
CBRE Investment Management Logistics platform utilizes the ability to invest in real estate and manage them and there we can also deliver innovative, globally adapted industry solutions that take advantage of market opportunities. The platform manages logistics assets in Europe worth EUR 13.8 billion, consisting of 420 assets, 625 tenants and a rental area of 8.4 million square meters in 12 countries.
CBRE Investment Management was advised by Morgan Stanley, Clifford Chance and Loyens and Loeff.