Stam Europe's new investment fund Stam REI III has reached its first closing. The value-added fund has raised equity from 14 investors including UK, Dutch and Irish pension funds and now has a war chest of some EUR 700m, Stam said in a statement issued during MIPIM in Cannes.
Stam Europe's new investment fund Stam REI III has reached its first closing. The value-added fund has raised equity from 14 investors including UK, Dutch and Irish pension funds and now has a war chest of some EUR 700m, Stam said in a statement issued during MIPIM in Cannes.
The equity is to be invested on corporate properties in France. Stam said that the fund is in talks on a first portfolio acquisition but did not disclose further details. Jones Lang LaSalle acted for Stam.
