Joint venture with Teacher Retirement System of Texas
Feldberg Capital launches major German logistics joint venture with Teacher Retirement System of Texas
• TRS and Feldberg commit nearly €100 million, enabling a €200 million pipeline to be developed
• Mid-box strategy focused on developing next-generation logistics properties in Germany
• Initial opportunities in advanced negotiations with more sought
Feldberg Capital has secured a significant German logistics investment joint venture with the Teacher Retirement System of Texas (TRS), one of the largest public pension funds in the United States.
TRS and Feldberg will make an initial equity investment of approximately €100 million, which will enable the venture to develop a portfolio with an expected value exceeding €200 million across key target locations in Germany.
This commitment underlines both parties’ confidence in the sector’s attractive risk-return profile.
Feldberg will concentrate on development projects of between 10,000 sq m and 50,000 sq m, aiming to build a portfolio of the highest-quality logistics assets in regions with strong demand fundamentals and excellent
infrastructure connectivity.
Initial investments are currently undergoing advanced due diligence. Debt finance will be arranged on an asset-by-asset basis.
Rodney Bysh, CEO and Managing Partner at Feldberg Capital, commented: “The collaboration with
TRS represents a major milestone for Feldberg Capital and serves as a strong endorsement of our platform
strategy.”
Robert Bahr, Managing Director at Feldberg Capital, added: “The German logistics market currently
offers particularly attractive opportunities due to falling land prices, sustained occupier demand, extremely
low vacancy rates and rising demand for modern, mid-sized logistics facilities of less than 50,000 sq m.
Together with reliable partners, we intend to capitalise on these opportunities.”
About Teacher Retirement System of Texas Retirement System of Texas
The Teacher Retirement System of Texas (TRS) is one of the largest retirement systems in the US. The system’s core mission is to make a positive difference in the lives of Texas educators by prudently investing and managing trust assets and delivering member benefits.
As of August 31, 2024, TRS pension fund had a market value of $209.5 billion.
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