Real estate

Launched in 2018, the fund has an estimated IRR of 13.6% as of Q2 2021 and targets core and value add properties within residential, office and hospitality segments and other market segments opportunistically up to a total of 30% of net assets within European gateway cities of Berlin, Munich, Hamburg, London, Vienna, Brussels, Amsterdam, Luxembourg, Lisbon and Milan. Individual equity investments range from €8-€40 million. The fund seeks diversification through geography, by targeting specific urban areas rather than countries, by market segment, investment instruments and methods. Additionally, the fund selects markets in view of their investment potential, transaction volume, stability, liquidity and the availability of both open market statistics and real investment opportunities. It selects investment objects by considering the quality of buildings, their location, reliability of cash flow, the ability to organize management and achieve maximum profitability while maintaining the value-add risk profile of the fund. The fund is led by a seasoned team of real estate investors with several decades of aggregate real estate investment experience.