We have access to a fund that has circa €1 billion to deploy on the following basis:
Forward Funding:
To buy the land and "build to suit".
Sectors:
Supermarkets
Nursing Homes
Warehousing/Logistics.
Criteria:
The asset should have a long lease to a single tenant.
Speculative land purchase only where warehousing/logistics is involved.
Minimum ticket size: €20 million.
Maximum ticket size: None.
Location:
Throughout Europe as far East as Lithuania
Investment Sample:
A Sainsburys in Scotland
A Co-operative in Denmark
An Amazon warehouse in Poland.
Finally, as an example, if you have a client who is a nursing home operator who wishes to expand and operate only a further 6 new builds (i.e. no interest in owning the bricks and mortar) subject to the strength of the tenant/operator, this fund will forward fund the build out and retain the asset for the long term yield.