F&C REIT Asset Management Germany has launched a Spezialfonds on behalf of a German pension fund. The fund will follow a core-plus strategy with a targeted capital expenditure of EUR 120 mln.
F&C REIT Asset Management Germany has launched a Spezialfonds on behalf of a German pension fund. The fund will follow a core-plus strategy with a targeted capital expenditure of EUR 120 mln.
The fund will focus on German retail properties in secondary cities where prime locations are in demand. The fund will be administered by Hansainvest Hanseatische Investment as the service-KAG to the fund.
F&C REIT Germany has already made the first acquisitions totalling EUR 30 mln for the Spezialfonds. These include the purchase of a property in Schwäbisch Hall, which has been let to H&M long-term, as well as a property in Kiel's prime location of Holstenstraße. Further properties have been purchased and signed in front of notary in cities including Trier and Konstanz. Additional purchases continue to be screened.
F&C REIT Germany said that it is confident that strong deal flow will continue for the next 24 months.
