15 November 2017
Reporter: Theo Andrew

AXA IM - Real Assets hit final close on logistics club

AXA Investment Managers (IM) - Real Assets has reached the final close of its Logistics Development Club, at £240 million.

The fund, which seeks to invest in 1 million square metres of logistics developments across Europe, raised the equity commitments from four international institutional investors.

According to AXA IM - Real Assets, the club hopes to capitalise on the strong demand for modern grade-A logistics buildings and rapid growth in ecommerce.

Since its July 2016 inception, the fund has purchased four sites across France, Germany and the UK, which will span 250,000 square metres on completion.

The developments will be overseen by Baytree Logistics Properties, a pan-European logistics platform, which partnered with AXA IM - Real Assets in 2015.

Arnaud de Jong, senior fund manager at AXA IM - Real Assets, said: “Logistics Development Club allows us to capture opportunities in the cycle and create value for our clients through the development of an institutional-quality logistics product designed to meet the evolving requirements of occupiers.”

“We firmly believe that the ongoing structural changes in supply chains, e-commerce and consumer behaviour will continue to drive demand for logistics space.”

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