Europa Capital and Cromwell launch German logistics joint venture with €150 million target GAV

Europa Capital, the pan-European real estate investment manager, on behalf of its latest value add fund, and Cromwell Property Group (“Cromwell”) have launched a German logistics joint venture (the “JV”) with a target GAV of €150 million.

The joint venture will target logistics assets and portfolios across Germany with individual lot sizes starting from €8 million where Europa Capital and Cromwell can leverage their combined active asset management expertise to create value. The JV recently made its first investment, acquiring a 12,000 sq m warehouse property near Cologne and is currently undertaking due diligence on other assets as it continues to build a strong pipeline of future investments.