Retail workers fund REST has made an impact investment in industrial property via Fidelity’s real estate logistics impact climate solitons fund (LOGICs).
The LOGICs fund will acquire logistics properties across Western European markets to redevelop them into assets that can be operated at net zero carbon.
It will seek to meet the demand for efficient energy in countries including France, Germany, Netherlands and the UK.
The super fund has a target of achieving 1 per cent impact investment (defined as investments made in members’ best financial interest to provide a financial return and social and/or environment return) allocation by 2026.
The investment came after REST made its initial impact investments into the unlisted infrastructure Palisade Impact Fund, with specialist private equity firm ARCHIMED, and recently made a commitment to the agriculture-focused Cibus II Fund and a listed-equity mandate with Ninety One.
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