Tuesday, 9 December 2025
Newport Logistics Fund III, part of the Panattoni group, has completed a first close of €100 million toward its targeted €300 million capital raise. The fund, launched in May 2025, is seeking commitments for a programme of logistics developments across Europe. The initial close is among the larger logistics fundraising events reported in Europe this year.
According to the company, investor commitments were secured despite a subdued real estate investment environment, influenced by higher interest rates and lower transaction volumes. Investor jurisdictions have not been disclosed.
The fund aims to support the development, leasing, and eventual sale of 10 to 12 Class A logistics facilities in several European markets. The earlier two Newport funds hold a combined portfolio valued at approximately €350 million and have delivered projects in multiple countries.
Three assets have already been secured for Fund III in France, Germany and the UK, with further projects under due diligence in Italy, Austria and Germany. Across these sites and the broader pipeline, the fund expects to deliver more than 500,000 sq m of logistics space in at least nine countries, with individual assets ranging from 10,000 sq m to over 50,000 sq m.
In Germany, the Mainz-South scheme in Erbes-Büdesheim is fully permitted and under construction. The location provides access to the A63, A61 and A6 motorways and sits between the Rhine-Main and Rhine-Neckar regions. The project is positioned to attract occupiers in pharmaceuticals, chemicals and retail logistics, including companies operating near Eli Lilly’s planned €2.3 billion campus.
In the UK, the fund has secured Panattoni Milton Keynes, a 94,000 sq ft development in the country’s “Golden Triangle.” The building will include dock and level access doors, EV charging, and a 12.5-metre internal clear height, with potential occupiers expected to come from e-commerce, distribution and manufacturing sectors.
A third project has been secured in France, with details due to be announced later.
Reflecting on the first close, Daniel Raemy, CEO of Newport by Panattoni, said: “Our strong first closing reflects the confidence investors place in our strategy, our team, and the depth of our development pipeline. Raising €100 million 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.”
He added: “With secured assets in France, Germany and the UK, and further projects progressing in Italy, Austria, and Germany, we are well positioned to deploy capital efficiently. Our focus remains on disciplined, diversified development that delivers both long-term value and best-in-class ESG performance.”
The fundraising period for the fund continues until August 2026.
