Tag: new investment funds

Aquila Capital Announces its First Logistics Fund in Southern Europe

January 19, 2022 – Brainsre.news

The fund is looking to raise 1.5 billion euros.

In a press release published on its website, Aquila Capital announced that it was launching its first logistics investment fund in southern Europe, including Portugal. Aquila Capital Southern European Logistics (ACSEL) has a target investment volume of 1.5 billion euros with a maximum debt-to-equity ratio (LTV) of 50%.

ACSEL launches with a committed capital volume of €330 million raised from international institutional investors, including SCI Primonial Capimmo. The open-ended fund has a pipeline of nine newly built assets located in Italy, Spain and Portugal and expects to raise “first close” capital within 18 months.

The first investment has already been approved, a 115,000 m2 logistics asset in Azambuja, a strategic and central logistics centre in the Lisbon metropolitan area. 70% of the asset has been pre-let to a blue-chip tenant with a 20-year lease term.

“The fund will focus on modern, energy-efficient logistics properties that are built and operated to the highest standards of energy efficiency and environmental protection, and that create added value by combining sustainability, attractive lease terms and strategic locations,” Aquila stated on its website.

“Selection criteria include proximity to transport hubs to minimise transport-related carbon emissions and sustainable building standards that include BREEAM certification, installation of rooftop photovoltaic panels and offsetting CO2 emissions.”

Roman Rosslenbroich, CEO and co-founder of Aquila Capital, added, “We see a growing interest among institutional investors in sustainable real estate assets, including logistics centres. The Aquila Capital Southern European Logistics fund is a response to this demand, focusing on the southern European markets where we still see many opportunities due to the need for modern, large-scale warehouse space. Our investors will benefit from our long-standing real estate experience – a total transaction volume of €2.6 billion covering a total area of over 1,800,000 square metres – as well as early market entry advantages due to our local teams. This real estate sector matches the strategies of investors and tenants, who consider all ESG criteria, for all sustainability, as a fundamental and necessary value to contribute to the global energy transition.”

Translation: Richard D K Turner

Kempen and PostNL Launch Sustainable Agricultural Land Fund

12 April 2021 – Ana Custódio

Kempen and the pension fund PostNL have completed their first investment, 190 hectares in the Aljustrel area, as part of a €20-million investment plan for Portugal.

In a joint venture with the Stichting Pensioenfonds PostNL, Kempen Capital Management has launched the SDG Farmland Fund. The new investment solution enables professional investors to focus on investments in farmland while providing a significant and concrete contribution to achieving the Sustainable Development Goals. The launch is a clear sign of the appetite, among international investors, for acquiring rural properties in Portugal offering high returns, showing an increasing interest in agriculture.

The SDG Farmland Fund was created to offer an attractive return on investment and actively promote a shift towards more sustainable food production. To this end, concrete and measurable indicators (KPIs) have been identified in climate change, soil health, biodiversity, water quality and resource use.

The SDG Farmlandfund’s first investment was completed on March 15. The fund acquired a 190-hectare olive grove in Alentejo. The orchard uses water from the Alqueva irrigation area, a large-scale irrigation network around the largest artificial reservoir in Europe. It offers sustainable and permanent water rights and, therefore, employment to a new generation of olive, almond, walnut growers, among others, in a technically outstanding and sustainable way. A mix of new olive and almond trees are expected to be planted over the coming three months on 800 to 1000 hectares of land.

The Kempen SDG Farmland Fund aims to offer attractive long-term returns for its investors by investing in farmland worldwide. Sustainable development goals are an explicit part of the investment strategy, subject to annual measurement and reporting. The focus is on investments in sustainable agriculture and agricultural land located in OECD countries. The fund will invest in various types of crops, both permanent and annual. The majority of investments are expected to occur in North America, Western Europe and Oceania (including Australia and New Zealand).

Translation: Richard D K Turner

M Capital to Invest €113 Million in Real Estate

27 May 2020 – According to the UK’s Montague Property, its new investment fund, M Capital, will be officially launched next week. The fund will have 113 million euros available to finance high-yielding real estate projects, much of it in Spain and Portugal.

The fund intends to invest its capital by providing financing to buyers looking to acquire existing luxury properties; by financing the development of new projects; and, by extending developer loans in markets that lack those types of loans, such as Portugal, Spain and France.

The fund will focus on high-yield investments, offering returns within a three- to five-year horizon, according to the same publication. In addition to providing financing to third parties, M Capital will act as the investment arm of Montague Property, based in London.

Original Story: Idealista

Translation/Summary: Richard D. Turner