Investec Property Fund Limited (JSE:IPF) acquired 19% stakes in Pan European Logistics Platform from Hercules Hex Holdco S.À.R.L for approximately €100 million on March 1, 2023. In a related party transaction, Hercules Hex Holdco S.À.R.L sold remaining 6% stakes. BofA Securities, Inc. acted as financial advisor to Investec Property Fund Limited in the transaction.

Investec Property Fund Limited (JSE:IPF) acquired 19% stakes in Pan European Logistics Platform from Hercules Hex Holdco S.À.R.L on March 1, 2023.