Newport by Panattoni announces close of logistics fund

Newport, part of the Panattoni group, has announced the successful initial close of its third pan-European logistics fund, Newport Logistics Fund III, securing €100 mln towards a target of €300 mln. 

Panattoni Park Mainz Sud

Newport Logistics Fund III is set to finance the development, leasing, and eventual sale of 10-12 Class A logistics facilities across key European markets. It aims to build on the success of its two predecessors, which boast a combined portfolio value of €350 mln and a strong diversification profile across various European countries.
The fund already has three secured assets in its portfolio: one each in France, Germany, and the UK. An additional five projects are currently in advanced due diligence stages across Italy, Austria, and Germany, providing a robust pipeline and strong visibility on future deployment from the outset.
Construction is already underway at Panattoni Park Mainz-South in Erbes-Büdesheim, Germany, following full permitting. This strategically located scheme benefits from excellent connectivity to major motorways (A63, A61, A6) and is nestled between the economically dynamic Rhine-Main and Rhine-Neckar regions. Its proximity to Eli Lilly’s new €2.3 bn pharmaceutical campus makes it particularly attractive for tenants in pharmaceuticals, chemicals, and retail logistics.
In the UK, the fund has secured Panattoni Milton Keynes, a 8,733 m2 Grade A logistics development. Situated in the UK’s crucial “Golden Triangle” for logistics, this facility will feature 9 dock doors, 2 level access doors, EV charging capabilities, and an impressive 12.5-meter clear internal height. It is expected to attract occupiers from the e-commerce, distribution, and high-value manufacturing sectors.
Further details regarding the secured project in France are expected to be announced at a later stage.
Newport Logistics Fund III continues to target a diversified range of assets, with individual facilities spanning from 10,000 m2 to over 50,000 m2. The fund aims to develop more than 500,000 m2 of logistics space across at least nine European countries.
Daniel Raemy, CEO of Newport by Panattoni, said: “Raising €100 mln in such a short period, and in challenging market conditions, demonstrates clear belief in the resilience of European logistics and in our ability to originate and deliver high-quality, sustainable assets across multiple jurisdictions. Our focus remains on disciplined, diversified development that delivers both long-term value and best-in-class ESG performance.”