AEW holds €320m further close for residential-focused real estate fund

AEW, a global real estate asset manager, has completed a further close for RESIDYS, a fund targeting residential real estate assets in France, predominantly in the Paris region, raising €165 million ($194 million) from institutional investors and taking the  fund’s total commitments to approximately €320 million ($377 million). This additional equity increases the total investment capacity of the fund to more than €500 million ($589 million).

This latest fundraising involved a combination of three new investors, including a Dutch pension fund, an Italian insurance company and a German pension fund, with two existing investors who increased their equity commitments in the fund. 

Since its launch in 2017, the RESIDYS has completed 12 acquisitions totaling €220 million ($259 million) mainly across Paris and the Paris Regi