To read this full article you need to be subscribed to Newsline.
Sign in Sign up for a FREE subscriptionAEW wraps up fundraising for U.K. Urban Real Estate Fund
AEW has closed its Urban Real Estate Fund (UREF) in the United Kingdom with £171 million ($202.9 million) of equity commitments from institutional investors, as well as an initial £30 million ($35.6 million) debt facility.
The value-add urban retail fund will target underutilized retail assets in urban areas of Southern England and major conurbations, according to various news sources.
The fund has committed £133 million ($157.8 million) of capital in nine retail assets to date.
AEW is one of the largest real estate investment managers in the world, with $94.8 billion in assets under management across all property types in North America, Europe and Asia Pacific, according to the firm’s website.
