Archipelago Investment Partners LLP (AIP), the strategic real estate investment advisory group, has announced the launch of its G1 Greek Real Estate Opportunities Fund. AIP is looking to raise EUR 30 mln, with a maximum final close of EUR 50 mln and a minimum subscription amount of EUR 250,000. The seven-year closed-ended fund will invest in strategic land and distressed real estate assets. The fund will target projects with a minimum 16% IRR per annum. Distributions will be made from the fund as assets are realised, enhancing the timing of returns for investors, AIP said.
Archipelago Investment Partners LLP (AIP), the strategic real estate investment advisory group, has announced the launch of its G1 Greek Real Estate Opportunities Fund. AIP is looking to raise EUR 30 mln, with a maximum final close of EUR 50 mln and a minimum subscription amount of EUR 250,000. The seven-year closed-ended fund will invest in strategic land and distressed real estate assets. The fund will target projects with a minimum 16% IRR per annum. Distributions will be made from the fund as assets are realised, enhancing the timing of returns for investors, AIP said.
James Banister, Partner of AIP, said: 'The core attractiveness of the market as well as the structural changes combine to offer an opportune time to deploy capital in the Greek real estate sector. We believe our structured and sophisticated approach will allow us to select those opportunities that fit our risk management framework and deliver appropriate returns for investors'.
