Insula Capital, a Portugal-based real estate investment company, announces the launch of RE Capital Property Fund I, a venture capital fund with a target investment volume of €100 mln.
The fund has been launched to take advantage of immediate opportunities across the residential, office, retail, and hospitality sectors within its circa €350 mln investment pipeline. It will target locations in Portugal, as well as other leading European capital cities, including Switzerland and the UK.
Florence Ricou, founder and CEO of Insula Capital said: 'We are excited to be launching this fund to provide investors with an opportunity to access a diversified portfolio of income generating assets and realise potential capital gains across development projects in the real estate sector.
'We have already identified a pipeline of attractive unique investment opportunities and we look forward to deploying capital into these opportunities on behalf of our investors.'
Investments will be in line with RE Capital’s ESG policy, an ISO 14001 certified Environmental Management System that provides a framework for the management of the environmental impact of its developments. It will provide investors with access to development projects and real estate-backed preferred fixed-return bond instruments.
RE Capital, the pan-European investment, development and asset management company, and Skybound Capital, a global wealth management business, have been appointed to the fund’s board. RE Capital will also act as the fund’s development partner, leveraging its experience in the Portuguese market, which includes investing in a number of projects with a total gross development value of circa €400 mln.
Outside of Portugal, RE Capital and its partners have successfully transacted on 30 assets, representing a market value of approximately €1 bn.
Newman Leech, co-founder and CEO of RE Capital said: 'This is an exciting milestone for RE Capital in Portugal. Our deep experience and depth of knowledge in the Portuguese market, combined with the current opportunity offered by Portugal’s golden visa programme, make this a compelling prospect for a range of investors, including HNWIs and international investors wanting exposure to a diversified real estate portfolio.
'We very much look forward to working with Insula Capital, Skybound Capital and the rest of the fund’s board to build on our success in this market and deliver powerful returns for investors.'
RE Capital Property Fund I is a closed-end fund with a subscription term of 24 months and an overall fund term of eight years.
