Saturday, 15 March 2025
Manova Partners, a globally active independent real estate investment firm, has announced the launch of its new logistics real estate fund, Manova European Logistics Real Estate Fund II (MELREF II). The fund, set to launch in the second quarter of 2025, targets a total volume of EUR 300 to 500 million and is designed for institutional investors. It will follow a core/core+ strategy, focusing on logistics real estate investments across Europe.
Florian Winkle, Co-CEO of Manova Partners, emphasized the strong investment potential in the European logistics sector, citing high demand for space and significant growth opportunities. He highlighted the company’s local presence in nine European countries, which allows them to build a well-diversified and high-yielding portfolio. Manova’s broad-based asset management team, stationed across these locations, ensures direct engagement with tenants and internal management of property improvements, maintaining control over quality and costs.
MELREF II aims to deliver a current distribution yield of at least 5% per annum, with a maximum leverage of 50%. The fund is currently evaluating prime logistics properties in France, Italy, Denmark, and Germany as part of its acquisition pipeline.
Christian Göbel, Co-CEO of Manova Partners, pointed to the success of the company’s previous MELREF I fund, which assembled a high-performing portfolio in a short timeframe. He noted that MELREF II builds on this foundation, offering investors exclusive access to off-market transactions and further strengthening Manova’s logistics investment footprint.
Designed as an Article 8 fund under the SFDR, MELREF II integrates strong sustainability objectives. At least 50% of its properties are expected to achieve an energy efficiency class B or a BREEAM rating of “Very Good”. In line with its long-term vision, Manova Partners is committed to achieving net zero emissions by 2050, reinforced by its participation in the Net Zero Asset Managers Initiative and its role as a co-founder of the ULI Greenprint Centre for Building Performance.
Photo: Florian Winkle and Christian Göbel, Co-Ceos Manova Partners
