Fidelity’s €710m logistics climate impact fund completes five European acquisitions

- Five logistics assets acquired across the UK, the Netherlands and France
- Value-add refurbishment strategy targeting energy-efficient, net zero carbon logistics assets across Western Europe.

London, 14 May 2026: Fidelity International (“Fidelity”) today announces the acquisition of five logistics assets across the UK, the Netherlands and France on behalf of its Fidelity Real Estate Logistics Impact Climate Solutions Fund (“LOGICs”).

LOGICs completed its final close in October 2025, raising €355 million of equity and bringing the Fund’s total investment capacity, including leverage, to €710 million. With these latest acquisitions, the Fund has committed the majority of its capital, having invested in sixteen logistics properties across Western Europe representing a total transaction volume of approximately €513.6m*. This rapid deployment underscores the team’s ability to execute quickly and selectively in a supply-constrained market.

LOGICs is Fidelity’s second dedicated climate impact real estate strategy and invests exclusively in the logistics sector across Western Europe. It focuses on acquiring existing, well-located assets with strong underlying fundamentals and implementing targeted refurbishment programmes designed to materially enhance environmental performance.

Through enhancements to building fabric, optimisation of heating, cooling and lighting systems, and the installation of photovoltaic (PV) panels, assets are repositioned to operate on a clear and accelerated pathway towards net zero carbon. Each asset is subject to a measurable decarbonisation plan, aligned with Fidelity’s proprietary climate impact framework, EU taxonomy principles and recognised external certification standards.

By focusing on assets with strong underlying fundamentals in structurally undersupplied locations, the strategy aims to create modern, energy-efficient logistics space that meets evolving occupier requirements while generating attractive value-add returns.

Alison Puhar, Head of Real Estate at Fidelity International, comments: “Occupier demand is shifting decisively towards higher-quality, energy-efficient logistics space, yet the supply of sustainable buildings in prime locations remains structurally constrained across Western Europe.

“Our ability to identify and upgrade well-located assets through disciplined decarbonisation programmes has enabled us to deploy capital at pace while maintaining selectivity. We continue to see a compelling pipeline of opportunities where targeted energy efficiency interventions can unlock both environmental impact and rental growth potential, delivering attractive risk-adjusted returns for our investors.”

Property details

United Kingdom: Northampton

Situated adjacent to Junction 15a of the M1, and within the Golden Triangle, this property comprises a single building offering a 28,212 square meters (sqm) warehouse rental area with an additional 8,000 sqm of highly valuable separate yard space, all on a c.81,750 sqm site. This is a premier UK logistics location due to the ability to gain access to over 90% of the UK population within a 4-hour heavy goods vehicle drive. The current tenant is vacating in March 2026, providing the opportunity to undertake the carbon neutral improvements essential to the LOGICS strategy and drive the rental income on re-letting.

Fidelity International was advised by Eversheds Sutherland (legal), BSB Real Estate (brokerage), JLL (valuation and debt), Jones Hargreaves ((technical due diligence & ESG) and EY (tax).

Netherlands: Roermond II & Wijchen

The asset in Wijchen is located on business park Bijsterhuizen, on the northeast side of Wijchen directly at the highway. It is strategically positioned for national and international distribution. Built in 2021, the property comprises of approximately 37,000 sqm gross lettable floor area (GLA) with market standards specs. The second asset is located in Herkenbosch on the industrial estate “Roerstreek”, on the south side of the city in Roermond. It is strategically positioned with excellent connections to major highways connecting Netherlands and Germany, as well as the presence of both a barge and rail terminal in Born. Built in 2000, the property comprises of approximately 18,000 sqm gross lettable floor area (GLA). The property is currently leased to UPS. Having purchased the neighbouring property in Herkenbosch a year before, the combination is expected to have significant synergies due to the connection between the properties. Fidelity International was advised for both transactions by Greenberg Traurig (legal and notarial), C2N (technical (Wijchen) and ESG (Wijchen and Herkenbosch)), bbn adviseurs (technical, Herkenbosch), CBRE Group (valuation), BDO (tax), and Unifore (asset management).

France: Two assets acquired in Lyon and Marseille sub-markets

The first asset is next to Lyon, located in the highly established logistic park called Saint Quentin Fallavier. The park is a strategic location home to in excess of two million sqm of modern logistic. The asset acquired is let on a short remaining lease. The second asset in France is located near Marseille, also in a strong established logistic park called “Salon de Provence”. The asset is 50% let over the medium term and 50% vacant.

Both properties are Grade A logistics assets, situated in prime French logistic hubs markets, offering strong renovation and rental reversion potential. Together, these assets provide approximately 80,000 sqm GLA. This off-market transaction makes up four of the total French logistics assets (all acquired in 2025) and contributes to the creation of a unique 150,000 sqm GLA French sub-portfolio within the LOGICS platform.

Fidelity International was advised by Le Breton Notaires (notary), Eversheds Sutherland (legal) Fire AM (strategy), CBRE Group (brokerage), JLL (valuation), ETYO (technical & ESG) and BDO (tax). Fire AM will continue to support the implementation of the business plan as operating/strategic advisor.