Stam Europe, the Paris-based real estate firm that is part of Corestate Capital Group, has seen existing investors agree to invest more equity and new investors come into its Opera Fund, taking total equity cheques to in excess of €300 mln.
Three new institutional investors have made commitments to the core/core-plus long-term Paris and suburb residential investment vehicle. In addition, existing investors have increased their stakes.
Samantha Sudre Roux, director of investor relations, explained a total of nine European pension funds were now investors in the fund.
The recent additional equity commitments from new and existing limited partners totals €160 mln. The total tally of €300 mln is 20% above the firm’s initial target, she added.
Recently, two assets have been added to the fund, the firm disclosed.
Stam Europe has been part of Corestate Capital since 2020.
