Second Verdion fund to raise €400 million

Verdion has announced its second European fund with plans to raise €400 million.

Michael Hughes, CEO of Verdion, said: “The market is underpinned by solid occupier demand that continues to grow in many key European geographies.

“We have strong leadership, excellent connections and exceptional local teams able to source and execute the range of opportunities this new fund will offer.”

Verdion European Logistics Fund 1 (VELF 1) closed in 2020 and is now fully committed, with capital projects and asset enhancement programmes well underway.