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Logistics specialist LIP Invest plans €430m fourth fund

German logistics property specialist LIP Invest, plans to launch its fourth fund in the third quarter of this year and is targeting a volume of €430 million, of which €240 million will be equity.

The fund will be an open real estate special AIF and, like its three predecessors, will only invest in high-quality logistics real estate in Germany in a core strategy.

Negotiations are already underway with investors who are prepared to put up €100 million.

The fund will focus on both established and new logistics locations and properties with the potential for rent increases and added value will be targeted.

Third fund closed with €291m equity after October 2020 launch

The third LIP logistics fund was launched in October 2020 and closed with equity of €291 million providing spending power of €525 million.

Jan-Nicolai Tröndle.

“The fund is expected to be fully invested in the third quarter of 2021. We have already purchased 12 properties and are currently in the purchasing process for five properties. We are also in promising purchase negotiations for four other properties,”said LIP Invest head of acquisitions Jan-Nicolai Tröndle.

LIP’s three existing funds have so far invested €1.2 billion in German logistics, including ongoing transactions. The portfolio now consists of 42 assets with a total rental area of around 870,000 sq m and a total rental income of €51 million pa.

More than 50 institutional investors, including insurance companies, pension funds, banks and savings banks and large foundations have subscribed to LIP funds with €730 million since 2018.