AEW Europe fund completes €235m second close
AEW Europe has announced the second closing of the Europe Value Investors Fund with commitments from new investors taking the total equity raised to €235 million ($255 million).
The fund expects to undertake further closings in 2015, targeting a total investment capacity of €700 million ($759 million), and will focus on core-plus and value-add opportunities in the office sector, predominantly in Germany, France and the United Kingdom.
The fund has already acquired two assets in Germany and three in France. The acquisition of another asset in Paris is expected to complete by the end of March, bringing the total investment volume of the fund to nearly €200 million ($217 million) since its launch in June 2014.