Halcyon.Real Estate Partners LP Data Book · Strictly Confidential
European Value-Add Fund I · Last-Mile Logistics
HalcyonTangible assets. Structural undersupply. Buy, fix, refinance.
1.8xNet multiple
13%Net IRR
5.5%Stab. YoC
Yr 3DPI from refi
Fund TermsSCSp · RAIF · EUR
Target / Hard cap€300M / €400M
GP commitment3% (€9M)
Term8 yrs + 2×1yr
Investment period4 years
Mgmt fee / Carry1.5% / 20%
Pref / Waterfall8% · Whole-fund
Live pipeline5 assets · €184M
Rotterdam €38M Hamburg €45M Stockholm €28M Antwerp €33M Munich €40M
Now raising
€300M
First close
Q1 2027
Halcyon Real Estate Partners · Luxembourg Prepared by Top Tier Advisory
Strictly Private & Confidential

Halcyon European Value-Add Fund I

This data book is intended only for the named recipient and their professional advisers. It is a marketing communication, not an offer to sell or a solicitation to buy interests, which are made solely under the fund's private placement memorandum. Figures are targets and illustrations for a sample vehicle.