Cording Group launches new German office fund
Cording Real Estate Group, a northern European real estate investment and asset management company, has launched German Value Add Regional Office Fund, according to IREI’s FundTracker database. The firm did not comment on its fundraising efforts.
German Value Add Regional Office Fund is a value-added real estate fund seeking €300 million ($350 million) in total equity commitments. The fund has raised €143 million ($166.7 million) so far. The fund will invest in office properties throughout Germany.
In additional fund launches, Cording Group, together with Warburg-HIH Invest Real Estate, previously launched Benelux Commercial Real Estate Fund. The open-end real estate special fund was launched as an individual mandate for Helaba Invest and SV SparkassenVersicherung. On June 30, the joint venture acquired the Delphi office building in Amsterdam through Benelux Commercial Real Estate