FUNDS

Principal Core European Series

EURO LOGISTIK 1

This fund is not open for new investors, the interests therein are not available for acquisition and such interests are not offered or marketed for acquisition pursuant to this website.

EURO LOGISTIK 1 invests in logistics assets across Europe.

EURO LOGISTIK 1 was created to target prime logistics assets in established transport hubs in selected European countries. The fund targets both capital growth and strong income returns.

The focus is on high quality distribution and logistics assets in large scale multi-modal accessible (air, rail, truck, barge) locations and on E-commerce logistics assets in metropolitan areas. Tenant covenant strength will be prioritised with a preference for secure long-term income streams.

The European logistics market sees a clear division between large scale dedicated logistic/distribution locations and single/multi-let E-commerce logistics hubs in suburban metropolitan areas (“last mile” logistics). Principal Real Estate Europe’s local presence and track record in European logistics distinguishes us from our competitors.

RISK PROFILE

  • % of fund Core/Core+ (by valuation) Minumum 70%
  • % of fund Value Add (by valuation) Maximum 30%
  • % of fund Opportunistic (by valuation) 0%
MANAGER

Principal Real Estate Spezialfondsgesellschaft mbH

STRUCTURE

Real Estate AIF according to KAGB for institutional investors

ASSET-CLASS

Logistics & Distribution

INVESTMENT UNIVERSE

Pan-European

INVESTMENT STYLE

Core / Core+

INCEPTION / DURATION

Launched in 2003 (semi open-ended)

CURRENT PLANNED EQUITY

€200 – €225 million

CURRENT PLANNED TOTAL INVESTMENT VOLUMES

€400 – €450 million

GEARING

50%

TARGET LOT SIZE

€10 – €30 million

INITIAL TARGET RETURNS

7.0% cash flow yield p.a. (10-year average), 6.5 – 8% IRR

TOTAL EXPENSE RATIO (TER)

0.7%

GEOGRAPHIES

Sebastian Lietsch - Fund Manager - Biography and contact details


Sebastian Lietsch

Fund Manager

Sebastian joined Principal Real Estate Europe in 2013, as a Fund Manager of three Spezialfonds. Sebastian is now the senior Fund Manager in Frankfurt with responsibility for the management of the ISG funds including implementation of fund strategy across all Spezialfonds, he also acts as the main contact person for investors. Prior to joining Principal Real Estate Europe , Sebastian was working for Commerz Real, as a Fund Controller starting with its Italian portfolio and later being responsible for its investments outside of Europe. Sebastian started his career at Commerzbank in 1998, where he completed a trainee program in corporate banking and financing parallel to his academic studies.
He has earned his diploma in business economics at the Friedrich-Schiller-University in Jena in 1997 and later completed his MBA in international real estate management at Akademie der Hochschule Biberach/London South Bank University.


Phone: +49 (0)69 5050 6690

Email: Lietsch.Sebastian@principalreeurope.com

Principal Real Estate Spezialfondsgesellschaft mbH
www.principalrealestate.eu
Phone: +49 (0)69 5050 6690    Fax : +49 (0)69 5050 66929

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