Azora secures €270m for new South European focused multi-strategy vehicle

Spain’s Azora has launched a new European multi-strategy vehicle having raised €270 million ($302 million) in equity commitments from a leading sovereign wealth fund, giving it a total investment capacity of up to €500 million ($560 million).

With an investment horizon of between five to 10 years, the new vehicle has been established to target a broad range of opportunities across the entire real estate sector, with a primary focus on Southern Europe.

Investments considered will be at all risk levels from development to those requiring lower levels of repositioning, as well as opportunities arising out of the uncertain current market environment. These might include those in the traditional segments of offices, logistics and retail, as well as in other newer and emerging sectors such as residential asset classes (build-to-rent, co-living, student and other alternative housing models), as well as data centers, agriculture and leisure, among others.

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