Investec Property weighs funding for European logistics expansion
Real estate company is looking to benefit from scarcity of logistics and warehouse facilities that has boosted rentals
17 November 2021 - 15:20
UPDATED 17 November 2021 - 19:36
Investec Property Fund (IPF) is exploring options, including third-party capital, to expand its logistics business in Europe, where e-commerce and scarcity of land has boosted rental rates.
Consumers increased use of e-commerce has boosted demand for warehouses and logistics facilities. The property valuation of IPF’s pan-European logistics platform, which comprises 48 logistics hubs and warehouses, was €1.08bn in the six months to end-September, with base net rental income up 8.3%. About 80% of the portfolio is located in the core markets of Germany, France and Netherlands...
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