U.S. warehouse developer, AMB Property, has partnered with Allianz Real Estate to establish a new fund. The new vehicle structured as a Luxembourg FCP-FIS, will acquire logistics buildings located in major seaport, airport and distribution markets in Europe. The German asset manager will initially invest €400 million, while the venture’s total commitment will be around €470 million, including AMB’s 15% co-investment. The new fund will use limited debt in its investments, adds Financial Times.
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