COIMA SGR, a leading asset manager for institutional investors, is expected to reach a target of EUR1 billion of investment in logistics this year as part of its continued growth in the sector.
After the first dedicated COIMA Logistics Fund launched in 2013, investing some EUR100 million with a performance of 18 per cent, COIMA is now bringing forward COIMA Logistics Fund II. The investment strategy for the fund will focus on creating a broad logistics platform fully aligned to the demands of contemporary occupiers through the acquisition of both leased properties and buildings to develop and be let.
The completed projects and those in pipeline comprise over 800,000 square metres and a total value of approximately EUR800 million, with plans of further investments this year bringing COIMA’s total logistics investment portfolio to EUR1 billion.
In addition to the EUR400 million assets already in the COIMA Logistics Fund II portfolio, COIMA is currently finalising an investment pipeline comprising a further EUR400 million. This consists of a portfolio to be developed in northern Italy, leased primarily to leading logistics operators with LEED and BREEAM environmental certifications and in accordance with the best international benchmarks.
Manfredi Catella, Founder and CEO of COIMA SGR, said: "COIMA began investing in the logistics sector in 2010, in partnership with specialist operator 2K, and today we continue to see huge potential in the sector for further growth. After the success of the first COMIA Logistics Fund, we are now pushing forward with a second wave of investment, continuing to target logistics assets that are fully aligned with the highest standards of sustainability and deliver what contemporary occupiers need. Our investments acceleration programme will enable us to strengthen our knowledge and expertise within the industrial sector in product and management, integrating the Sustainable Finance Disclosure Regulation requirements to which COIMA adhered by the deadline of March 2021 set by the European Union.”
Source: Coima.com on the 15th of March 2022
https://www.coima.com/en/media/press-releases/coima-targets-eur1-billion-of-investments