Beos, a real estate subsidiary of Swiss Life Asset Managers, is seeking to raise €600m for a German industrial fund.
The BEOS Corporate Real Estate Fund Germany V (CREFG V), launched with a selected group of investors, has already secured capital commitments of over €100m by the end of June, with other investor interests currently being reviewed.
BEOS said the fund, which targets institutional investors in Germany, expects to generate annual returns above 5% and a total return of more than 6%.
The core/core-plus BEOS CREFG V fund will focus on properties with alternative uses, such as industrial parks and warehouse/production properties.
Michael Kapler, head of portfolio management and member of the executive board of BEOS, said: “With the latest version of BEOS Corporate Real Estate Fund Germany V, we are targeting investments in corporate real estate that have proven stable even in the challenging market phases of the past. Attractive investment opportunities are already emerging in the current market environment, which we will carefully analyse and exploit over the long term.
“At the same time, we are pleased with the continued interest from further potential investors and are currently reviewing further enquiries from investors. Our aim is to provide institutional investors with structured access to stable, value-adding properties.”
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