Insula Capital has set up a real estate fund to buy income-producing assets in Portugal, as well as other European capital cities.
The Portugal-based real estate investment company said the newly launched RE Capital Property Fund I fund will have an investment volume of €100m to acquire assets in leading European capital cities including Switzerland and the UK.
Insula said the fund has been launched to take advantage of immediate opportunities across the residential, office, retail, and hospitality sectors within its €350m investment pipeline.
RE Capital Property Fund I has a subscription term of 24 months and an overall fund term of eight years. It is targeting a 6% internal rate of return and 50% net return on investment.
Florence Ricou, founder and CEO of Insula Capital said: “We are excited to be launching this fund to provide investors with an opportunity to access a diversified portfolio of income-generating assets and realise potential capital gains across development projects in the real estate sector.
“We have already identified a pipeline of attractive unique investment opportunities and we look forward to deploying capital into these opportunities on behalf of our investors.”
RE Capital, the pan-European investment, development and asset management company, and global wealth management business Skybound Capital have been appointed to the fund’s board. RE Capital will also act as the fund’s development partner.
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