Newport Logistics Fund, a Private Equity Real Estate fund that finances full investment cycle warehouse developments in Europe, is thrilled to announce the addition of Recorde European Logistics Real Estate Fund (Recorde ELIA) as its new Investor. This partnership marks an exciting development for Newport as it continues to grow and expand its presence in the CEE Real Estate Industry.

Recorde Asset Management Ltd., the fund manager of Recorde ELIA, is a Hungarian financial service provider regulated and supervised by the Hungarian Central Bank as Financial Supervisory Authority, bringing with it over 50 years of experience through its seasoned management team. Recorde ELIA’s investment signifies a vote of confidence in Newport’s vision, strategy, and potential for future growth, as well as a shared high conviction in industrial/logistics greenfield developments as a long-term investment thesis.

Newport Logistic Fund welcomes Recorde ELIA’s pooled Hungarian institutional and HNW investors to its Western European portfolio and looks forward to combining both companies strengths and expertise to expand into the Central and Eastern European region.

Recorde Asset Management is a fully regulated AIFM club-deal syndication platform, and the newest member of Concorde Group, Hungary’s premiere integrated financial and investment service provider. It strives to offer outstanding risk-reward structures in single purpose funds with a very strong alignment of interest between the funds’ financial investors and strategic professional project sponsors.

“With the addition of Recorde European Logistics Real Estate Fund, Newport is well-positioned to solidify its standing in the market and explore new opportunities for growth and innovation” said Szymon Ostrowski, Managing Director of Newport Logistic Fund.