French real estate manager OREIMA has so far raised €215m for its latest fund.
The manager’s Oreima IV fund, which expects to raise €300m in total by the end of next year, has received the capital commitment from European institutional investors to mainly invest in office real estate as well as some mixed-use properties in Paris and other French cities.
Adding leverage of 50% to the €215m raised, the manager said it will be able to invest approximately €400m by investing and upgrading buildings in urban centres.
Brigitte Sagnes Dupont, president of Oreima, said: “Our ambition is to pursue a voluntary investment plan by selecting quality properties and modernising them while respecting each site’s specific history and environment.
”We are happy to contribute to supporting the economy in the context of the crisis that our country and the world are currently ongoing.”
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