Garbe Industrial Real Estate with a new range of funds for investors
Garbe Industrial Real Estate GmbH has set up another special real estate fund for logistics real estate, which will invest not only in the premium segment but also in Core+ real estate. The first equity closing for the new Garbe Logistics Real Estate Fund + (GLIF+) was realised within eight weeks and the capital was already fully invested in a portfolio with six properties at four locations. A second Equity Closing is planned in the immediate future. The fund was established together with the Investor KVG Institutional Investment Partners (2IP). The purchase was financed by HSH Nordbank, whilst the Hamburg firm, Chatham Partners, was responsible for legal advice.
“This completes the first equity closing for our new logistics real estate fund and our investors’ capital was fully invested within a short time. This gives our customers an attractive return from day one,” said Sonja Ebeling, Head of Investment Management at Garbe Industrial Real Estate.
GLIF+ offers an attractive risk-return profile thanks to its two-pronged investment strategy – despite increased prices. On the one hand, the fund focuses on properties in the premium segment with long leases and stable capital returns. On the other hand, the Garbe asset managers’ expertise is put to good use investing in Core+ segment properties with more attractive returns.
Against this background, Sonja Ebeling is sure to be able to raise another approximately 120 million euros in capital for the second equity closing of GLIF+ in the coming months: “We have already secured suitable properties and we can invest the new money quickly.”
Visit Garbe Industrial Real Estate GmbH at Expo Real from 4 to 6 October 2016 in Munich. We can be found in Hall B2.430.