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We are dedicated to responsibly owning and managing high-quality, large-scale logistics assets for our occupiers and delivering attractive long-term returns for shareholders.

We seek to capture the compelling investment fundamentals that exist within our market, where constrained supply of suitable assets is coupled with strong occupier demand. Such occupier demand is underpinned by long-term structural changes, in particular the growth of e-commerce.

We invest in and actively manage a well-diversified portfolio of large, sustainable high-quality logistics real estate assets. Our assets are strategically located in prime locations across core countries in continental Europe and are key to our occupiers logistics and distribution supply chains.

At a glance (31 Mar 2021)
Total portfolio value

0.6m

Investment assets

0

Ave. asset size

0 sqm

WAULT

0.0 yrs

Our vision and strategy

Our vision is to be the pre eminent investor and manager of large scale European logistics real estate, delivering sustainable, long-term income and value growth for shareholders.

A strategy for value creation 

As our market evolves, we continue to refine our strategy and investment focus so that we can take advantage of the unprecedented opportunity our market has to offer and maximise the value we create for shareholders. Our strategy focuses on creating value at the point of asset acquisition and throughout the life cycle of the asset, through careful asset selection, proactive asset management, a robust focus on sustainability and appropriate financing.

1. Constructing a portfolio of large scale, high-quality assets

We continue to carefully construct a well-diversified portfolio of high-quality, large-scale logistics real estate assets, which are integral to our occupiers logistics and distribution supply chains.  We strategically focus on acquiring assets that are well located in established locations, close to densely populated areas, across core countries in Continental Europe.

The size, quality and location of our assets ensure we are well placed to capitalise on the compelling demand/supply fundamentals that exist within our market. The composition of our portfolio underpins the Company’s ability to generate a high and secure level of inflation-linked income, as well as capital growth, which will in turn support the total returns and dividends we are targeting.

2. A forward looking approach to sustainability 

The Company’s sustainability strategy focuses on owning healthy and sustainable buildings, achieving net zero carbon for direct operations, improving the portfolio’s energy efficiency, enhancing nature and wellbeing, and creating socio-economic impact.

3. Active asset management to add and realise further value

We seek to develop long-term relationships with our occupiers, working collaboratively with them to ensure their occupational needs are met, while identifying and realising opportunities to add value for shareholders.

With the objective being to grow value and generate secure and increasing income we restructure leases, fund key tenant fit-outs that enhance our assets and fund new building construction or extensions to existing buildings on spare land. When we believe an asset has reached its full potential within our ownership, we look to crystallise this value through disposals, recycling capital into higher returning development and investment opportunities.

4. Efficient and prudent financing  

The Company’s strategy is supported by a progressive and active capital management programme. This may include recycling capital through asset disposals, partnering with other investors, continued debt management and raising new equity, where supported by a clear rationale.

What makes us different  

We believe that the following attributes differentiate our approach and underpin our ability to maximise on the opportunities that our market offers, to deliver value for all our stakeholders.

Knowledge and expertise of each European market

The Manager is a leading logistics real estate investment specialist. Their expertise and deep understanding of logistics operators, combined with strategic alliances with expert logistics asset managers, creates an effective platform across Continental Europe.

Relationships that generate valuable opportunities

The Manager's extensive network of occupiers, investors, developers, and agents, combined with its reputation for reliability, clarity, simplicity and transaction certainty delivers access to a high-quality pipeline of assets that can be acquired largely off market, offering pricing advantage. In particular, a key advantage is the relationship with development and asset management partners Dietz AG and Logistics Capital Partners (LCP) which provides the Company with access to a unique pipeline of prime, competitively priced investment opportunities.

Embedded asset management that creates further value

The Manager’s asset management expertise helps us to drive value creation, delivering both income and capital growth. Local management teams work with occupiers to ensure any opportunities are explored rapidly and effectively.

A clear strategic focus and delivery

The Company’s focused investment strategy ensures highly selective asset acquisition. It deliberately focuses on the specific sector of the logistics market which it believes provides the best prospects for rental growth based on favorable supply/demand dynamics.

Key Performance Indicators

Our objective is to deliver attractive, low risk returns to shareholders, by executing the Company's Investment Policy and operational strategy. We track our progress against a number of financial and non-financial Key Performance Indicators, on which we report each year.