At a glance
- Overseas investors account for 70 percent of the fund's capital, with institutions from Australia, Japan, the Netherlands, Singapore, Switzerland and the United States among them.
- Tritax plans to raise another £150 million ($199.8 million) over the next 12 months and targets £1.5 billion ($2 billion) in fund value by 2028.
- The one-year total return was 15.2 percent for the 12 months ended June 30, 2026, compared with 7.9 percent annualized over three years and 3.1 percent over five years, according to IREI.
Tritax London Logistics Fund raised £400 million ($532.9 million) in new equity, reaching its fundraising target ahead of schedule and lifting fund value to about £1.07 billion ($1.43 billion), according to IREI.
Overseas investors account for 70 percent of the fund's capital, with institutions from Australia, Japan, the Netherlands, Singapore, Switzerland and the United States among them. The fund value is measured at the end of the third quarter of 2026 and is 65 percent higher than when Tritax took over as manager in 2023.
Tritax plans to raise another £150 million ($199.8 million) over the next 12 months and targets £1.5 billion ($2 billion) in fund value by 2028. The fund remains open to new commitments while it raises that capital, giving allocators a way to add Greater London industrial exposure.
The one-year total return was 15.2 percent for the 12 months ended June 30, 2026, compared with 7.9 percent annualized over three years and 3.1 percent over five years, according to IREI. TLLF ranked first among funds in its applicable peer group over the one- and three-year periods on the MSCI/RE Quarterly Funds Index.
The portfolio holds 22 assets totaling more than 2.3 million square feet, after three acquisitions in the past 12 months as the fund expanded its exposure to Greater London's industrial and logistics market. Recent work on the standing assets includes planning consent for a 10-acre site near Heathrow Airport and a completed 115,000-square-foot pre-lease at Poyle, per IREI.
Reported by the Fundraising desk from IREI. Published . Corrections