Newport by Panattoni raises €100 million for pan-European Logistics Fund III

• Newport Logistics Fund III secures first €100 million in initial close of a targeted €300 million raise, one of Europe’s largest logistics fundraisings in 2025.
• Significant early momentum, with commitments secured despite challenging market conditions.
• Capital to support a diversified 10–12 project development pipeline across Europe, with three projects already secured in France, Germany, and the UK, and further assets under due diligence in Italy, Austria, and Germany.

Newport Logistics Fund III, part of the Panattoni group, has successfully raised the first €100 million at the first close of its third pan-European logistics fund, against a total target of €300 million. The initial close represents one of Europe’s largest logistics fundraisings of 2025 and demonstrates strong investor conviction in the fund’s strategy, track record, and pipeline.

The fund, which launched in May 2025, achieved its first close within a short timeframe, underscoring the continued appeal of modern, sustainable logistics development even against a macroeconomic backdrop of higher interest rates and muted real estate investment volumes. Investor geography will not be disclosed.

Newport Logistics Fund III will finance the development, leasing, and sale of 10–12 Class A logistics facilities across Europe. The first two funds, with a combined portfolio value of €350 million, have successfully delivered projects in key logistics markets across Europe, reflecting the fund series’ strong diversification profile across countries.

The new fund already has three secured assets in France, Germany, and the UK, as well as five additional projects at advanced due diligence stage across Italy, Austria and Germany. This confirms a robust pipeline from the outset and provides strong visibility on deployment.

In Germany, the Mainz-South project is now fully permitted, with construction underway. Located in Erbes-Büdesheim, the scheme benefits from excellent connectivity to the A63, A61 and A6 motorways and sits between the Rhine-Main and Rhine-Neckar regions, two of Germany’s most economically dynamic areas. Adjacent to Eli Lilly’s new €2.3 billion pharmaceutical campus, the project is designed to attract tenants in pharmaceuticals, chemicals, and retail logistics.

In the UK, the fund has secured Panattoni Milton Keynes, a 94,000 sq ft Grade A logistics development strategically located in the UK’s “Golden Triangle.” The facility will offer 9 dock doors, 2 level access doors, EV charging, and a 12.5 metre clear internal height. It will appeal to occupiers across e-commerce, distribution, and high-value manufacturing.

A further project has been secured in France, with details to be announced at a later stage.

Across these and its broader pipeline, the fund continues to target diversified assets ranging from 10,000 sq m to more than 50,000 sq m, with more than 500,000 sq m to be developed across nine or more European countries.

Reflecting on the early success of the fundraising, which will continue until August 2026:

Daniel Raemy, CEO of Newport by Panattoni, said:
“Our strong first closing reflects the confidence investors place in our strategy, our team, and the depth of our development pipeline. Raising €100 million in such a short period, and in challenging market conditions, demonstrates clear belief in the resilience of European logistics and in our ability to originate and deliver high-quality, sustainable assets across multiple jurisdictions.”

“With secured assets in France, Germany and the UK, and further projects progressing in Italy, Austria, and Germany, we are well positioned to deploy capital efficiently. Our focus remains on disciplined, diversified development that delivers both long-term value and best-in-class ESG performance.”