Munich-based fund manager Real I.S. has acquired equity commitments approximating EUR 350 mln from institutional investors in the year to date. The sum total breaks down into about EUR 100 mln earmarked for its southern German regional fund, sales for which were recently started, and approximately EUR 250 mln for the BGV series of pan-European funds.
Munich-based fund manager Real I.S. has acquired equity commitments approximating EUR 350 mln from institutional investors in the year to date. The sum total breaks down into about EUR 100 mln earmarked for its southern German regional fund, sales for which were recently started, and approximately EUR 250 mln for the BGV series of pan-European funds.
'What we are seeing at the moment is that institutional investors are committing themselves in a very wide, cross-European spread or else in highly specialised regional products, such as our regional fund for southern Germany,' said Jochen Schenk, Member of the Board of Real I.S.
Investments undertaken by the regional fund for souther Germany will focus on office and retail properties, complemented by residential and logistic assets. The target volume for this investment fund is EUR 400 mln. It will concentrate on core properties located in Bavaria and Baden-Württemberg.
With a targeted fund term of 10-12 years, the fund manager is targeting annual dividends of between 4-5.5% annually over a 10-year period. 'Germany’s southern region, and specifically the two states Bavaria and Baden-Württemberg, have impressed us as stable and attractive real estate locations due to their high propensity for innovation and purchasing power, and positive economic parameters,' Schenk said.
Real I.S. Gruppe is a member of the German Savings Bank group. The company serves BayernLB’ as asset management and investment fund service provider for real estate.
