AEW holds €370m final close for French-focused residential real estate fund

AEW, the global real estate asset manager, has held a €370 million ($473 million) final close for RESIDYS, a fund targeting residential real estate assets in France, with a focus on the Paris region.

With the commitment of new institutional French and international investors, the fund’s total equity stands at approximately €370 million ($473 million), increasing its total investment capacity to more than €600 million ($767 million).

Since its launch in 2017, the fund has completed 15 acquisitions, mainly across Paris, representing almost half of the fund’s total investment capacity.

Stephane Sebban, fund manager of RESIDYS at AEW, said, “The successful completion of this final close, including commitments from new international investors, reflects the strong appetite for this asset class. The launch of the strategy was based on in-depth research and analysis of major demographic trends as well as the opportunities offered by the Grand Paris infrastru