Mapletree Investments has set a €500 million ($605 million) fundraising target for its first European office fund, Mapletree Europe Income Trust (MERIT), according to several news sources.
The fund opened to investors in January and has been seeded with seven commercial assets owned by Mapletree, a source with knowledge of the matter told DealStreetAsia.
Mapletree is expecting to raise the €500 million before the end of March from a diverse investor pool consisting of pension funds, insurance companies, regional banks and corporates, high-net-worth individuals, family offices, and retail investors.
