Italian asset manager Dea Capital has started fundraising for a fund targeting investments in European REITs.
The vehicle, called Quaestio Solutions Funds - DeA Global REITs, is believed to be the first in its kind and has been set up in joint venture with Quaestio Capital Sgr. The fund has raised €20 mln from institutional investors in the two weeks following launch.
The fund is currently being marketed in Germany, Luxembourg, Italy and Switzerland. The vehicle focuses on Europe, particularly on high-growth market segments such as logistics and data centres and has a core plus investment profile. It is targeting total equity of €400 mln.
‘The good response to the newly launched fund is an indication that our approach of combining years of equity experience with solid real estate expertise is compelling,’ said Wolfgang Speckhahn, managing partner at DeA Capital Real Estate Germany.
‘With a geographic and sector-wise diversified portfolio, we are confident that this year we will be able to provide investors with a return of around 5% (gross),’ added Thorsten Schilling, director portfolio management of DeA Capital Real Estate Germany.
