Arminius seeks €1b for new open-ended sustainable office fund

Arminius Group, an independent transaction, asset and fund manager with a focus on sustainable commercial real estate within Germany, has launched an open-ended special alternative investment fund with a target fund size of up to €1 billion ($990 million).

The core-plus Arminius Manage-to-Sustainability Office fund will focus on office properties in prime urban locations throughout Germany. Arminius has already identified 30 urban areas for potential fund investments, including major metropolises such as Hamburg and Cologne, as well as smaller but economically vibrant cities such as Wiesbaden, Mainz and Leipzig.

As an Article 8 fund under the Sustainable Finance Disclosure Regulation (SFDR), the vehicle will seek out real estate opportunities with significant value-add potential in three ESG dimensions. It will also consider property investments starting at €30 million ($29.7 million).

“Demand for ESG-compliant office properties is increasing, on both the