Greykite’s European real estate fund has launched a €1 billion multi-let industrial (MLI) investment platform with an initial 27-property portfolio acquisition in Sweden from a commercial real estate company backed by Swedish national pension fund AP3.
The Goldman Sachs Alternatives-backed Greykite European Real Estate Fund I has agreed to acquire the 94,400 square meter portfolio from Regio as seed assets for the newly created Lagerhome platform which expects to invest a €1 billion over the next 18 to 24 months.
The portfolio will be managed by minority joint venture partner Broadgate Asset Management. It has a 90% occupancy rate and Greykite said there were opportunities to enhance its value through leasing and property-level investment.
Source: realassets.ipe.com on the 14th of April