GSK Stockmann advised Evolv Asset Management AG on setting up a fund under Article 9 of the Disclosure Regulation for investing in new logistics buildings.
DFI Real Estate, a sister company of Evolv, and Hansainvest Real Assets have launched the Hansa German Logistics Impact Fund as a joint venture. It is Germany’s first sustainable real estate fund for new logistics facilities that meets the high requirements for an Article 9 fund under the Disclosure Regulation.
The open-ended special AIF is aiming for a target volume of 300 million euros with around 50 percent equity. Institutional investors have already subscribed to around two thirds of the target equity capital.
To start the portfolio, DFI Real Estate has already acquired six project developments worth 270 million euros with a total of around 150,000 sqm. DFI Real Estate will retain a long-term stake in all projects and will in the long term take charge of asset management and raising further equity capital. The properties are located in highly sought-after logistics locations and will all fulfil the latest sustainability standard DGNB Gold (2023) of the German Sustainable Building Council (DGNB) as well as the energy efficiency criteria according to the KfW 40 standard. All roof areas will be used to generate sustainable electricity from photovoltaic systems.
GSK Stockmann closely advised Evolv Asset Management with a team led by Hamburg partner Christoph Strelczyk on the fund launch and in particular on the ESG strategy.
Adviser Evolv Asset Management AG:
GSK Stockmann: Christoph Strelczyk (Real Estate Transactions and Investments)