GARBE Industrial Real Estate GmbH (“GARBE”), one of the leading specialists for logistics and industrial properties in Germany and elsewhere in Europe, raised approximately 200 million euros through a second closing for its investment fund, “GARBE Logistics Real Estate Fund Plus III” (“GLIF+III”).
Together with the first closing in late June, the new pan-European fund raised a sum total of c. 600 million euros originating from German, European and Asian investors. Another closing is planned before the end of this year. The Article 8 fund with manage-to-ESG strategy takes the form of a Luxembourg special AIF (SICAV-RAIF) without maturity.
Christopher Garbe, Managing Partner of GARBE, commented: “Overall, we received nearly 600 million euros in capital commitments by German and international investors from elsewhere in Europe and from the Asian region. This enabled us to place a fund with pan-European investment focus among international investors. As a result, we have seriously expanded our investor base, and are now in an even better position to operate on the market. This marks an important step for GARBE in its effort to establish itself as a leading pan-European manager for industrial, logistics and technology real estate.”
You can now read the full press release at the link below