Manova Partners, a globally active independent real estate investment firm, has announced the launch of its new logistics real estate fund, Manova European Logistics Real Estate Fund II (MELREF II). The fund, set to launch in the second quarter of 2025, targets a total volume of €300 to €500 million and is designed for institutional investors. It will follow a core/core+ strategy, focusing on logistics real estate investments across Europe.
Florian Winkle, Co-CEO of Manova Partners, emphasized the strong investment potential in the European logistics sector, citing high demand for space and significant growth opportunities. He highlighted the company’s local presence in nine European countries, which allows them to build a well-diversified and high-yielding portfolio. Manova’s broad-based asset management team, stationed across these locations, ensures direct engagement with tenants and internal management of property improvements, maintaining control over quality and costs.
MELREF II aims to deliver a current distribution yield of at least 5% per annum, with a maximum leverage of 50%. The fund is currently evaluating prime logistics properties in France, Italy, Denmark, and Germany as part of its acquisition pipeline.
Source: cijeurope.com on the 7 March 2025
https://cijeurope.com/en/manova-partners-launches-melref-ii-with-focus-on-european-logistics-real-estate/post.html