Europe Newport Logistics Fund to invest EUR 50 mln
Investment & financeschedule 10 March 2023
The fund's strategy assumes financing the construction of modern warehouses and logistics facilities in Europe based on the diversification of assets and their location
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Newport Logistics Fund, which invests in warehouse properties in Europe, has raised EUR 50 mln for its first fund. Currently, work is underway to launch a second fund worth EUR 100 mln.
It has taken ten months for the fund to raise EUR 50 mln from Western European Polish, US and Dubai-based investors. The money raised has already been fully invested in three projects located in London, Amsterdam and Zgierz (central Poland).
The first project financed by Newport Logistics Fund is a distribution centre at Stichtsekant Business Park in Almere near Amsterdam comprising 23,400 sqm. The facility is to be delivered at the beginning of 2024. Another investment is a 7,500 sqm facility
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