Cording, Warburg-HIH launch €300m Benelux fund
The real estate investment and asset management company Cording Real Estate Group, together with Warburg-HIH Invest Real Estate, has launched the Benelux Commercial Real Estate Fund with a gross target volume of €300 million ($313 million).
The open-end real estate special fund was launched as an individual mandate for Helaba Invest and SV SparkassenVersicherung. It will invest in office and retail properties in Belgium, Luxembourg and the Netherlands. The planned investment period is two years.Cording will handle the asset management, including leasing management after acquisition.
The individual properties will have an investment volume of between €10 million and €40 million ($10.4 million and $42 million). The fund has started to invest its capital and has acquired its first asset.