Long Harbour is seeking to raise €400m for a newly launched European ground lease fund.
The manager said the Long Harbour Euro Secured Income 1 Fund (LHESIF 1), which has an initial €30m to deploy, will invest in ground leases on residential and commercial real estate assets across Europe.
Richard Silva, executive director at Long Harbour, said: “Our first dedicated European ground lease fund will target commercial real estate assets in high-performing European markets.”
Silva said the fund will provide residential landowners with a new source of finance by investing in their ground leases, unlocking the value of their land.
“This approach will allow landlords to concentrate on their buildings and occupiers.
“We know that the ground lease model works well in the UK and US, and we believe there is significant demand emerging within Europe.”
