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Fidelity’s LOGICs Fund Raises €310 Million for Sustainable Real Estate Investments

Proptech

Business Honor
28 March, 2025

Fidelity’s LOGICs fund raises €310 million, focusing on energy-efficient logistics properties in Western Europe.

Fidelity International has raised €110 million, or about $119 million, for its Fidelity Real Estate Logistics Impact Climate Solutions (LOGICs) fund, which focuses on energy transition in the real estate sector. Together with the €200 million acquired during the fund's first close earlier this year, the total amount of money received amounts to almost €310 million.

Fidelity's second climate impact real estate investment fund, called LOGICs, focuses on logistics properties in key Western European markets. In order to meet net-zero carbon goals, the fund buys and renovates existing properties by putting energy-saving measures in place, optimizing lighting, heating, and cooling systems, and installing photovoltaic (PV) panels. Article 9 of the EU's Sustainable Finance Disclosure Regulation categorizes LOGICs.

Ten properties in Spain, Germany, France, and the Netherlands have been purchased by LOGICs since its original closing. According to Fidelity, the fund's total deployable capital is currently around €620 million ($671 million). Investor confidence in the program was highlighted by Adrian Benedict, Head of Real Estate Solutions at Fidelity International.

Adrian Benedict stated gratitude for the trust and commitment of investors across Europe and Asia Pacific, which helped secure €620 million in deployable capital. He noted that this investment demonstrates the continued progress toward sustainable real estate while also delivering strong returns to clients. By quoting ongoing investor interest in the fund, Benedict added that more closings are expected over the course of the upcoming year.