GPT Halverton announced on Wednesday that its Dutch Active Fund (DAF) has raised a total of EUR 83 mln from a number of European institutional investors in its first closing. A second and final close of up to EUR 50 mln equity is planned for mid-2008. The fund owns a portfolio of 40 assets valued at EUR 292 mln.
GPT Halverton announced on Wednesday that its Dutch Active Fund (DAF) has raised a total of EUR 83 mln from a number of European institutional investors in its first closing. A second and final close of up to EUR 50 mln equity is planned for mid-2008. The fund owns a portfolio of 40 assets valued at EUR 292 mln.
DAF is the sixth fund to be established by GPT Halverton and follows closely from the closing of the German Retail Partnership (GRP) which raised EUR 126.5 mln from institutional investors.
'We are delighted to be able to continue attracting highly regarded investors into our funds. Closing both GRP and DAF within the past month speaks to the strength of our platform and the ability of our experienced team in being able to source product which is attractive to investors even in the current markets', said CEO Richard Croft.
'The Dutch property market provides an excellent opportunity for investors seeking income and capital growth. DAF is a diversified portfolio of office and light industrial assets and we are seeing strong demand for commercial property in the Netherlands,' Mr Croft added.
