Fidelity International raises €110 million in additional commitments for its real estate logistics climate impact fund

- Total deployable assets for Fidelity Real Estate Logistics Impact Climate Solutions Fund (‘LOGICs’) now €620 million
- Since March 2024, LOGICs has executed 10 acquisitions in Europe with a net value of c. €275 million

Fidelity International (“Fidelity”) today announces the successful raising of €110 million for its Fidelity Real Estate Logistics Impact Climate Solutions Fund (the “LOGICs” fund), adding to the €200m raised during its first close in March 2024, further supporting an accelerated energy transition in the real estate sector.

Total deployable assets for the LOGICs fund has now climbed to €620 million, and since its first close, LOGICs has acquired 10 properties in Europe, with assets in Spain, Germany, France and The Netherlands equating to a net value of approximately €275 million. Each asset purchased has an accelerated pathway to net zero carbon emissions through the firm’s refurbishment plans.

Real estate plays a critical role in the energy transition, as buildings account for over 40% of total carbon emissions*. LOGICs, which is Fidelity’s second real estate investment vehicle focused on climate impact, invests exclusively in the logistics sector in the main markets of Western Europe, acquiring existing assets with the intention of retrofitting and transforming them so they can be operated with net zero emissions to meet growing occupiers’ sustainability targets. This is done by focusing on enhancing energy efficiency, optimising the heating, cooling & lighting systems, and installing photovoltaic (PV) panels. The LOGICs strategy targets value-add returns and will focus refurbishments on energy efficiency improvements, with the aim of delivering best-in-class assets that are in demand from occupiers. In addition, through the installation of solar panels, occupiers have the opportunity to generate and deliver their own source of green energy.

Adrian Benedict, Head of Real Estate Solutions, Fidelity International comments: “We are grateful to our investors across Europe and Asia Pacific for their trust and commitment, enabling us to secure €620 million in deployable capital to accelerate the energy transition in real estate. This investment underscores the growing global momentum towards sustainable development whilst delivering compelling returns to our clients. With this support, we will continue driving innovation and impactful change in the built environment. We anticipate further closes throughout the course of 2025 as we continue to attract strong investor interest.”