NW1 Partners and URBZ Capital secure €192m for Dutch logistics fund

NW1 Partners and URBZ Capital have successfully closed their Dutch Industrial Outdoor Storage (IOS) fund, securing €192 mln in equity commitments.

CBRE Investment Management joined as the final investor. 
The fund targets low-density industrial properties within established industrial zones across the Netherlands to build a portfolio of IOS assets. 
The partnership has already invested over €130 mln in acquiring strategically located properties.
David Boyle, managing partner at NW1, said: "We are delighted to welcome CBRE IM as an additional sophisticated investor in our Dutch IOS vehicle. Their commitment underscores the strength of our investment strategy and the compelling opportunity to build one of the first Dutch IOS portfolios of scale".
Max Fabre, director at CBRE IM Indirect Strategies commented: "We are excited to gain exposure to reversionary IOS properties in strategic locations in the Netherlands, and to provide growth capital to further scale the portfolio. We have strong conviction that the sector will continue to mature, and that the vehicle and our strategic partners are best positioned to create value for our capital sources.”
Kilian Toms, managing director, Real Estate Secondaries at CBRE IM Indirect Strategies, said: "We are confident that this investment will generate strong returns for our investors by capitalizing on the early-mover advantage in the Dutch IOS market and the robust demand for industrial outdoor storage. Partnering with NW1 and URBZ, who have a strong performance track record, we are looking forward to executing the strategy." 
Ali Nassiri and Bram Verhoeven, Managing Partners at URBZ, added, "With over €130 million of assets already acquired, we are well-positioned to continue capitalising on the compelling early-mover opportunity in the Netherlands.”