AEW Raises €400M More for Logistics Fund

The LOGISTIS fund acquired the Airbus Cabin Equipment Centre in Hamburg last month.

LONDON—AEW Europe said Monday it had raised an additional €400 million, or approximately US$439.4 million, for its LOGISTIS fund, just 18 months after closing at €820 million for the platform. It brings the fund’s total equity to €1.7 billion, or about US$1.87 billion.

AEW said the new equity was raised entirely from existing investors, including several prominent institutional players from across Europe and Asia. “This is an important vote of confidence in our LOGISTIS platform from our investors and demonstrates the strength of the team and their ability to deploy a significant amount of equity into an extremely competitive market in a short period of time and in line with the fund’s objectives,” says Rob Wilkinson, CEO of AEW Europe.