German real estate manager Barton Group has received over €65m in capital commitments for its Barton Wohnen Deutschland II open Spezialfond.
The fund is expected to make around ten investments worth €250m in total as it seeks to invest in residential, commercial properties, micro-living or serviced living properties nationwide. It hopes to deliver a 4% internal rate of return.
Potential investors will be approached as soon as further capital is required, a spokesperson for the company said.
Barton targets exclusively institutional investors, including pension funds and banks that look for stable investment opportunities with a goal above the current low-interest rates.
Dominik Barton, Barton CEO, said: “We have a proven and resilient network with very high market penetration and therefore an attractive deal pipeline.”
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