#None #MARK Capital Management #Crossbay II #Urban Logistics

MARK Capital Management Recognized with Prestigious Logistics Award

In a significant acknowledgment of its excellence in the logistics investment sector, MARK Capital Management has been awarded the title of 'Logistics Investor of the Year' by PERE, a prominent industry publication. This distinction follows the successful closing of the Crossbay II fund, which secured an impressive €660 million in equity commitments during the fourth quarter of 2024.

This remarkable result marks a 20% increase in fund size compared to its predecessor, showcasing MARK Capital's growing presence in the urban logistics market. With the inclusion of debt financing, the total investment capacity for Crossbay II now exceeds €1.5 billion. This capital will be strategically deployed by on-ground teams across major European markets, emphasizing MARK's commitment to harnessing local expertise in logistics.

The success of Crossbay II is demonstrated not only by its substantial financial backing but also by the diverse profile of its investors. New participants in this fund include pension funds, pension insurance companies, sovereign wealth funds, and family offices from Europe, Asia, and the United States. Moreover, returning investors underscore the continued confidence in MARK Capital's strategic vision and execution capabilities.

According to PERE's analysis, Crossbay II ranks among the top 10 largest industrial logistics private real estate funds globally, and notably, it is the largest vehicle focused exclusively on the European market to achieve this final close. Currently, Crossbay II manages approximately €1 billion in assets across various regions, including the UK, France, the Benelux area, Germany, Spain, and Italy, specifically targeting single-user distribution warehouses in strategic gateway cities.

With over 65% of its capital already committed, Crossbay II has successfully acquired more than 7.5 million square feet to date. MARK Capital's journey into urban logistics began in 2018, with the launch of Crossbay I, which branched into a dedicated urban logistics strategy. After securing €550 million in equity commitments, Crossbay I was fully realized following a successful exit in 2022.

At the helm of the Crossbay initiative is CEO Marco Riva, who brings valuable experience from his time at Logicor. Riva alongside logistics experts, expertly source and manage assets in the markets where Crossbay operates, ensuring a localized approach that positions the fund for success.

Expressing gratitude for the achievement, Marcus Meijer, CEO of MARK Capital Management, emphasized the importance of teamwork, stating, "It may sound cliché, but this was definitely an all-team effort. Special thanks should be given to our on-the-ground teams in our target markets. That genuine, in-country presence and ability to source off-market opportunities is so critical to the success of a granular aggregation strategy like Crossbay II. It really is what sets us apart, and we hear this all the time from our investors too."

MARK Capital's strategy is designed to be cycle-agnostic, benefitting from a best-in-class, pan-European origination function, coupled with in-house infrastructure dedicated to executing a highly granular strategy. Since its inception in 2008, the independent real estate investment manager has successfully managed over €20 billion of private real estate. With a diverse client base that includes institutional investors, sovereign wealth funds, and family offices, MARK Capital leverages its strong local presence to combine insight with extensive expertise in sourcing, development, and asset management. This capability empowers the firm to create innovative investment strategies that align with investor objectives and maximize value.

As MARK Capital Management continues to push the envelope in logistics investment, the firm remains committed to leveraging its depth of knowledge and market insight to foster growth and deliver unparalleled results for its stakeholders.