Publications

Fundraising - OCTOBER 27, 2021

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

​​Sonae Sierra launches food retail fund in Germany

by Kali Persall

​​Sonae Sierra has launched a new open-ended alternative investment fund (AIF) to invest in Germany’s food retail sector.

Targeted to institutional investors, the Sierra German Food Retail Income Fund I will focus on discounters and supermarkets, as well as on hypermarkets across Germany — preferably stable stand-alone properties that are characterized by long-term leases with high-quality operators.

The fund has a target investment volume of at least €200 million ($232 million).

“The creation of this new open AIF represents a new landmark for Sonae Sierra in Germany and offers a solution for professional and institutional investors, looking for stable long-term income, managed by an experienced team with combined asset management and investment management know-how,” said Christoph Billwiller, leader of the firm’s investment management team in Germany. “It is part of Sonae Sierra's strategy to increase our exposure to new real estate investment

Forgot your username or password?

We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. By clicking on “I accept”, you consent to our Privacy Policy.