Catalyst Capital’s European core-plus real estate fund has secured €550m of equity commitments and added four office properties in France worth €100m to its portfolio.
The open-ended Catalyst Core Plus European Property Fund (CCPEPF) acquired the 47,000sqm portfolio in Toulouse, let to Airbus, from Real IS Group.
Fabrice de Clermont-Tonnerre, partner of Catalyst Capital, said the acquired portfolio provides stable, long-term income, with the “potential for value enhancement through capital expenditure and improved public infrastructure and transport”.
The manager said CCPEPF has secured €550m of equity commitments from international institutional investors.
Using leverage, the will have €1.5bn to invest in income-producing assets in every commercial real estate sector, including hotels and infrastructure. Geographically, CCPEPF will focus on investment in northern Europe and the Iberian peninsula.
