Europa Capital’s value-add fund has launched a new €150m Central European logistics platform with the acquisition of an asset in Hungary’s capital. The pan-European real estate investment manager’s Europa Fund VI fund has partnered with White Star Real Estate to launch the Central European Logistics Platform. The platform, which plans to have a €150m in gross asset value, has bought a 15-hectare site in Budapest to develop the Park22 urban logistics park. Europa said the platform will target” standing logistics and urban warehousing assets and ground-up development opportunities in strong locations”, which interconnect Europe’s largest cities in the region including Budapest, Vienna, and Bratislava.
The latest investment increases Europa Capital’s logistics development pipeline to 526,300sqm across countries including the UK, France, Germany, Hungary and Poland. The latest industry trends and current tenant expectations across our investments and developments and offer real, market-focused solutions. The accelerated growth of online commerce by combining warehousing with office functions in a practical way, all within the boundaries of the capital, with direct motorway access