French listed property group Altarea Cogedim has raised EUR 600 mln in equity commitments in the final closing of its first office property investment vehicle, AltaFund.
French listed property group Altarea Cogedim has raised EUR 600 mln in equity commitments in the final closing of its first office property investment vehicle, AltaFund.
The fund, which was 20% oversubscribed, brought together two sovereign wealth funds from the Far East/Pacific Rim as well as a French and a Dutch institutional investor, each committing EUR 100 mln.
Altarea is a co-investor in the fund, providing a further EUR 100 mln in cash.
In total, AltaFund will have discretionary investment capacity of over EUR 1.2 bn including leverage, making it one of the largest office property funds dedicated to the Paris region.
The full article appears in the December edition of PropertyEU Magazine. Click on the link below to subscribe
