Values Real Estate has announced plans to launch a new fund for institutional investors targeting ‘social infrastructure’ assets.
The company, which already manages two healthcare funds, Values Health Invest and Values Daycare Invest, said that it is looking to build up a €350 mln portfolio for the new vehicle.
‘Social infrastructure investment products are our current response to the EU's ESG regulation,’ said Carsten Fischer, managing partner and co-founder of Values Real Estate.
In the past twelve months, Values has bought €500 mln of social infrastructure real estate assets, including a forward deal from the public sector in Berlin worth over €200 mln.
‘We are currently buying the seed properties for the new fund,’ added Fisherman. The firm’s investors are primarily the large German insurance companies, pension funds, savings banks and Volksbanks.
The company also announced that it has hired Thomas Oebbeke from AEW to run the in-house KVG arm from July.
In total, Values Real Estate currently has €3 bn in assets under management.
