Germany-focused Cresco Capital, an owner-managed integrated real estate investor and developer, has closed its first fund with committed capital in excess of €197 mln.
The CCG1 fund invests in project developments throughout Germany with a particular focus on resdiential.
The capital was raised by international family offices and high net worth individuals, including the multi-family office LJ Partnership. The Guernsey-registered fund invests in major German and university cities. The focus of the fund is micro-residential projects, but it also invests in other asset classes.
The fund is now 50% invested in four projects in Berlin, Frankfurt and Cologne with a total investment volume of approximately €300 mln.
Founded in 2006, Cresco Capital is headquartered in Germany, with additional offices in Luxembourg and the Isle of Man.
