MARK Capital Management Wins Logistics Investor Award, Secures €660M for Urban Logistics Fund
TL;DR
Crossbay II secures €660m in equity commitments, increasing fund size by 20% compared to predecessor, attracting diverse global investors.
Crossbay II has a total investment capacity of over €1.5bn, managed by on-the-ground teams in major European markets, focusing on single-user distribution warehouses.
MARK Capital Management's urban logistics strategy with Crossbay II aims to create value for investors while aligning with their objectives for sustainable real estate development.
Crossbay II, led by CEO Marco Riva, is cycle-agnostic, benefits from best-in-class origination function, and sets itself apart with granular aggregation strategy.
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MARK Capital Management has been honored as the 'Logistics Investor of the Year' by PERE, following the successful closure of its Crossbay II urban logistics fund. The fund secured €660 million in equity commitments, representing a 20% increase from its predecessor fund and positioning itself as a significant player in European industrial real estate investment.
With a total investment capacity exceeding €1.5 billion, Crossbay II has attracted diverse investors including pension funds, sovereign wealth funds, and family offices from Europe, Asia, and the United States. The fund is currently managing approximately €1 billion in assets across six European countries, focusing on single-user distribution warehouses in key gateway cities.
The fund's performance is notable, with over 65% committed and more than 7.5 million square feet already acquired. Its strategy, described by CEO Marcus Meijer as 'cycle-agnostic', leverages local market expertise and off-market opportunity sourcing as key competitive advantages.
This achievement represents a significant milestone for MARK Capital Management, which first entered urban logistics in 2018. The firm's previous fund, Crossbay I, was fully realized with a successful exit in 2022, demonstrating the strategy's effectiveness in a complex real estate market.
The award and fund closure signal strong investor confidence in urban logistics as a resilient and strategic investment sector, particularly in the context of evolving supply chain and distribution networks across Europe.
Curated from 24-7 Press Release
