BentallGreenOak’s European Core+ Logistics Fund has attracted €695m in commitments from more than 20 global institutional investors.

The Fund, the company’s first entirely dedicated to the European logistics sector, had an initial target of €500m.

It will allow BGO to pursue opportunities across the logistics spectrum, including e-commerce, last mile, temperature controlled and distribution assets. It will also seek to add value through stablishing the income stream and filling vacancies.

Toby Phelps, Managing Partner and Head of European Equity at BentallGreenOak, said: “We are delighted with the support we have received from a broad range of investors who recognise that BGO is one of the most established logistics investors in Europe.

“Having acquired and managed over 5 million sqm of logistics space in the last six years the team have an in-depth knowledge of the market, established tenant relationships and a track-record in delivering strong returns for our investors.”

More than 50% of the Fund’s capital has already been deployed through the acquisition of 28 assets across France, Spain, Italy, the Netherlands, Germany, Sweden and the UK.