ILG Group looks to invest €400m in German retail property

ILG Group is looking to invest as much as €400m in Germany’s retail property sector.

The company, which manages institutional capital, has launched an open-ended special AIF vehicle.

The ILG Einkaufen Deutschland I fund is targeting large German retail properties at a volume of approximately €400m.

Six assets, worth €140m and sold by HBB, have been bought for the fund.

Florian Lauerbach, managing partner at ILG, said: “We’ve managed to set up an extensive pipeline for further acquisitions and have already entered into concrete negotiations with a few vendors, meaning we are counting on further acquisitions within 2016.”