RLI Investors: 37% increase in AUM
RLI Investors increased its assets under management by 37% to around €800mn in 2018. The logistics real estate company now manages 1.04 million sqm of logistics space and 29 fully-let properties. A majority of the acquisitions were made for its second Spezialfonds, currently with €200mn in equity capital, including a newly constructed property in the south industrial park in Weiterstadt, near Darmstadt, for this vehicle at the end of 2018. RLI’s tenant for the 7,000 sqm property is a plastics manufacturer. The seller is MultiPort Weiterstadt GmbH. RLI intends to fully invest the fund this year, along with examination of possible follow-up products. It will pursue a manage-to-core strategy for existing properties. The company has also announce the addition of new buildings to properties acquired last year in Dormagen and Hoppegarten near Berlin, with the creation of around 30,000 sqm of new logistics space in Berlin alone.
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