In 2022, ASSET Administradora General de Fondos structured and placed the ASSET DLS Industrial Rental Investment Fund (RIAD). The Fund was structured in collaboration with Desarrollos Logísticos del Sur (DLS), a real estate management company specializing in logistics and warehousing, associated with the construction company INARCO. Through partnerships, the Fund invests in warehouse condominiums and Built to Suit distribution centers. Currently, RIAD owns a 45,000 m² warehouse condominium and has already committed to acquiring its first Built to Suit distribution center.
The Fund has committed capital of UF 780,000, contributed by 14 investors, mostly of institutional nature.
RIAD Fund commenced operations in May 2022 and is in the investment phase, actively seeking industrial assets along the logistics chain, primarily focusing on Built to Suit properties with long-term lease contracts.