Portuguese investment and asset management company Imorendimento is to launch a new a new property fund, Imo Pan Iberian Retail, focusing on the retail and logistics sectors in Portgual and Spain.
Portuguese investment and asset management company Imorendimento is to launch a new a new property fund, Imo Pan Iberian Retail, focusing on the retail and logistics sectors in Portgual and Spain.
The closed-end fund will have a total target size of EUR 570 mln and run for 10 years from the first closing date, which took place in 2007. Its objective is to provide institutional investors with indirect exposure to real estate and property rights in retail and logistics properties located in Portugal and Spain.
For the fund's first closing, Aberdeen Property Investors Indirect Investment Management (API IIM) acted on behalf of some of its clients.
