New €3B JV targets last mile assets in Europe

The new vehicle’s value-add and development strategy will focus on industrial assets in and close to major metropolitan areas, including “last mile” logistics, as the fundamentals of the sector solidify around structural e-commerce acceleration and the long-term attrition of industrial stock.

The additional commitment follows the successful launch of the initial €1 billion JV in November 2020.

According to QuadReal ‘s official press release, the portfolio is well balanced across Europe’s most competitive urban logistics markets, with thirteen investments in London, six in Paris, two in Berlin and a single acquisition in Birmingham.