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AEW Europe launches City Retail Fund

by Andrea Waitrovich

AEW Europe has announced the launch of a new retail fund, aiming to raise €400 million ($429 million) with a maximum loan-to-value ratio of 50 percent, which will provide the fund with a total investment capacity of up to €800 million. 

The AEW Europe City Retail Fund raised €125 million ($134 million) for a first close, with commitments from two institutional investors.  It will be investing in high-quality retail assets located in Europe’s tier-one cities. 

“The City Retail Fund will be investing in high-quality, income-producing retail assets that are well located within those European City centers that we believe are most likely to benefit from the improvement in the European economy and consumer confidence, as well as strong demographic and urbanization trends,” said Marc Langenbach, director fund management, in a statement.

AEW Europe City Retail Fund has already secured its first acquisition in Co

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