Commodus launches €400m special AIF commercial real estate fund

Commodus Real Estate Capital GmbH, an investment company, has launched its second real estate fund, the Commodus Deutschland Fund II GmbH & Co. KG (Commodus Fund II). It has a target investment volume of €400 million ($463 million), €150 million ($174 million) of which will be financed using equity capital (target equity) provided by investors from Germany and abroad.

Commodus Fund II will focus on investing in office real estate with the potential to create value in Germany’s top seven cities and regional economic hubs. Alongside long-standing investors, which include family offices that have been with Commodus for a long time, a number of new investors were also involved in the first closing. The Commodus team is also investing its own capital.

Commodus places its focus on the property’s own inherent potential to create value. Another focus is properties with complex ownership structures such as joint heirship, other co-owner groups and closed-end funds.