Tritax London Logistics Fund has raised approximately £400 million in new equity and grown to approximately £1.07 billion, marking progress toward its goal of reaching roughly £1.5 billion by 2028.
The fund completed its £400 million equity raise ahead of schedule and at the top end of its target range.
Tritax London Logistics Fund has grown approximately 65% since Tritax became its manager in 2023.
The portfolio currently includes 22 assets totaling more than 2.3 million square feet of space.
Three acquisitions completed during the past 12 months have supported the fund’s growth as it reshapes its portfolio around Greater London’s supply-constrained industrial and logistics market.
The fund’s investor base has also become increasingly international.
Approximately 70% of its investor base now comes from outside the UK, including investors from Australia, Switzerland, Japan, Singapore, the U.S., and the Netherlands.
TLLF now plans to raise another £150 million during the next 12 months in response to demand from institutional investors seeking exposure to London industrial and logistics properties.
The fund invests in multi-let industrial estates, last-mile logistics hubs, and strategic mid-box properties located within London’s M25 orbital road system, including a significant concentration around Heathrow.
For the 12 months ended June 30, 2026, TLLF reported a total return of 15.2%.
Its annualized return for the three-year period was 7.9%, while its five-year annualized return was 3.1%.
The fund has also advanced projects including planning consent for a 10-acre site near Heathrow, a 115,000-square-foot pre-let at Poyle, and a 122,000-square-foot agreement for lease with WFS at Heathrow Airport.
KEY QUOTE:
“Reaching £1 billion is a milestone moment for TLLF, achieved alongside returns above the sector benchmark over the three-year period ended 30 June 2026.”
Nick Ireland, Fund Manager Of Tritax London Logistics Fund
