€47m financing secured for Nagel-Group BTS in Poznań
Newport Logistics Fund III has arranged €47 million of bank financing from BNP Paribas Bank Polska for BTS Poznań, a fully pre-let, 46,000 sqm build-to-suit logistics asset being developed for Nagel-Group.
The facility is being delivered by Panattoni Poland near the A2 motorway in Poznań, one of Poland’s most established logistics markets. Nagel-Group, one of Europe’s leading food logistics operators, will use the building as its main hub in Poland.
The new facility will bring together four of the company’s existing warehouses and its Polish head office in one location.
The building is targeting BREEAM Excellent. The financing supports the continued delivery of the project and marks another milestone for Newport Logistics Fund III in Poland.
Construction underway at MK100 in Milton Keynes
Newport Logistics Fund III has moved another UK investment into the delivery phase, with construction now underway at MK100 in Milton Keynes.
The project is located three miles from Junction 14 of the M1, providing access to London, Birmingham and the wider UK motorway network. Milton Keynes is an established logistics and industrial market, with major occupiers in the surrounding area including Coca-Cola, Mercedes-Benz, Volkswagen, Scania and Makita.
MK100 will provide c. 9,000 sqm (approx. 100,000 sq ft) of modern logistics space and is being developed on a speculative basis. The building is targeting BREEAM Outstanding, EPC A and net zero carbon in construction.
Construction is being delivered by Panattoni UK, with completion scheduled for Q3 2027.
Key highlights
Fund III progress: another UK investment has moved into construction.
Asset profile: c. 9,000 sqm speculative logistics development in Milton Keynes.
Location and reach: three miles from Junction 14 of the M1, with London and Birmingham both within 70 miles and 29.3 million people accessible within a two-hour drive.
Building performance: targeting BREEAM Outstanding, EPC A and net zero carbon in construction.
Newport Logistics Fund III reaches €200m and moves towards final close
Newport Logistics Fund III has reached €200 million in committed capital following its latest interim close, doubling the amount raised at first close in under a year.
Institutional investors now account for half of the capital raised, with many of them investing in the Newport fund series for the first time. The growing participation of institutional capital reflects strong demand for the Fund’s pan-European logistics strategy.
More than €150 million has already been allocated across ten logistics investments in Germany, Poland, France and the UK. The pipeline includes five further projects in advanced due diligence, with additional opportunities being evaluated in Italy, Denmark, Germany and Spain.
Together, the current portfolio and pipeline represent more than 500,000 sqm of logistics space. Across its three funds, Newport by Panattoni has invested in projects with a combined gross development value of €870 million, representing more than 700,000 sqm.
Newport Logistics Fund III is now moving towards its final close while continuing to deploy capital across its core European logistics markets.
In a recent PERE interview, Daniel Raemy, CEO of Newport by Panattoni, spoke with Silvia Saccardi about the Fund’s fundraising progress, growing institutional investor base and capital deployment across Europe. PERE subscribers can read the article here.
Key highlights
Fundraising progress: €200 million raised, doubling the capital secured at first close in under a year.
Institutional investor base: institutional investors account for 50% of the capital raised, with many new to the Newport fund series.
Capital deployment: more than €150 million allocated across ten logistics investments in four European markets.
Portfolio and pipeline: more than 500,000 sqm across the current portfolio and pipeline, with five further projects in advanced due diligence.
Platform scale: €870 million in combined GDV and more than 700,000 sqm across Newport’s three funds.
