Goodman European Logistics Fund (GELF)
The Goodman European Logistics Fund (GELF) is a leading unlisted property fund, investing in logistics real estate across Europe. The Fund owns a €2.3 billion portfolio representing 109 properties across 11 countries. The Fund’s assets are located in Austria, Belgium, Czech Republic, France, Germany, Hungary, Italy, the Netherlands, Poland, Slovakia and Spain. GELF services a diverse portfolio of customers across a range of industries such as third party logistics, consumer goods, e-commerce, automotive, manufacturing and IT. Major customers include Kuehne + Nagel, Amazon, Schenker, DHL and DSV.
Established in December 2006, GELF provides institutional investors with access to a diversified and actively managed portfolio of prime European logistics assets with a secure earnings profile. It delivers strong stable income returns with potential income growth and capital appreciation. The Fund benefits from a proven track record of strong and superior portfolio performance, resulting in a stable and high income returns (ca. 8%).
The Fund is advised and managed by Goodman, resulting in a pro-active portfolio management by a dedicated in-house property services team. The Fund further benefits from the strong Goodman development pipeline (Goodman was named top European developer three years in a row (2012, 2013 and 2014) by PropertyEU magazine). As a cornerstone investor in the Fund, Goodman is strongly aligned with the Fund’s global investment partners. The total equity committed to the Fund amounts to c. €1.7 billion.
For more information please visit www.gelf.eu
|Key Stats (as per 31 December 2014)
||€ 2.3 billion
|Number of properties
|Weighted Average cap rate