Feldberg Capital launches German logistics JV with TRS

Feldberg Capital has formed a major German logistics investment joint venture with the Teacher Retirement System of Texas (TRS), one of the largest public pension funds in the United States.

German logistics

TRS and Feldberg will invest an initial €100 mln in equity, enabling the development of a portfolio valued at over €200 mln in key German locations. This investment reflects both parties' strong belief in the sector's promising risk-return profile.
Feldberg will focus on developing high-quality logistics assets ranging from 10,000 m² to 50,000 m² in areas with strong demand and excellent infrastructure. The joint venture's strategy centres around mid-box logistics properties.
Several initial investment opportunities are currently in advanced due diligence. Debt financing will be arranged on an individual asset basis.
Rodney Bysh, CEO and managing partner at Feldberg Capital, commented: "The collaboration with TRS represents a major milestone for Feldberg Capital and serves as a strong endorsement of our platform strategy."
Robert Bahr, managing director at Feldberg Capital, added: "The German logistics market currently offers particularly attractive opportunities due to falling land prices, sustained occupier demand, extremely low vacancy rates, and rising demand for modern, mid-sized logistics facilities of less than 50,000 m². Together with reliable partners, we intend to capitalize on these opportunities."