SEPTEMBER 23, 2014

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Aquila awarded $500m global mandate

by Andrea Waitrovich

European alternative asset manager Aquila Capital announced it has been awarded a $500 million global mandate. The investor was not disclosed; however, it was identified to be a large, Asia-based institutional investor.

The investment program is in European real estate and global renewable energy projects. It has been structured by Alceda Fund Management S.A., which is also part of the Aquila Group.

The program’s first investment comprised three newly built logistics centers in Germany. The units are located in Heidelberg, Saarbrücken and Berlin metros and have been leased to DHL for the next 15 years. The total investment was approximately €33 million ($43 million).

Aquila Capital was established in 2001 and is part of the Aquila Group, headquartered in Hamburg with €7.4 billion ($9.5 billion) in assets under management. 

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