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.
