The global asset management firm has not launched an open-ended fund before, but feels the time is right.
AEW, the global asset manager, is to launch a pan-European open-ended fund, following a growing trend in the real estate market for evergreen products.
The fund will focus on office, senior accommodation, logistics, serviced apartments and student housing. However, a source said it will differ from competitors in that it will not be looking to invest in retail assets in the short term.
In other exclusive news, our weekly title EuroProperty reveals how CMBS has returned to Europe with a trio of deals together seeking to raise more than €760 mln of debt finance.
