• Fidelity’s LOGICs fund now holds €620 million ($671 million) in deployable assets targeting net-zero logistics properties.
• Fund specifically refurbishes logistics real estate to enhance the energy efficiency, aligning with EU SFDR Article 9 standards.
• Investor appetite remains strong, with additional funding rounds expected throughout 2025.

Fidelity International has raised an additional €110 million ($119 million) for its Real Estate Logistics Impact Climate Solutions (LOGICs) fund, bringing the total raised since March 2024 to over €310 million ($330 million).

The LOGICs fund, Fidelity’s second climate-focused real estate vehicle, targets logistics properties across key Western European markets, including Spain, Germany, France, and The Netherlands. Its strategy involves acquiring existing logistics buildings and retrofitting them to achieve net-zero carbon emissions through improved energy efficiency, enhanced heating, cooling, and lighting systems, and the installation of photovoltaic panels.

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LOGICs complies with the stringent Article 9 criteria of the EU’s Sustainable Finance Disclosure Regulation (SFDR), indicating a direct environmental impact.

Since March 2024, the fund has already secured 10 properties in Europe. Adrian Benedict, Fidelity’s Head of Real Estate Solutions, highlighted investor enthusiasm:

“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.”

Benedict also emphasized continued investor interest, stating Fidelity anticipates additional fundraising rounds throughout 2025.

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