German asset manager Real IS has launched its latest European Spezial-AIF fund with an initial target volume of €1 bn.
The BGV VII Europa will focus on office and commercial property, though mixed-use assets, logistics structures and hotels will also be considered.
The fund will invest primarily in Core and Core-Plus assets in Eurozone nations, focusing on Germany and France as well as the Benelux, Spain and Ireland.
The company aims to build a diverse portfolio across its allocation of regions and sectors. 'We have already seen high demand within our circle of investors for this new BGV issue and expect a swift response,' said Jochen Schenk of Real IS's management board.
