Publications

Transactions - DECEMBER 2, 2019

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

DWS forward-funds Parisian office property for Europe II fund

by Kali Persall

DWS has forward-funded a grade-A office property in the greater Paris department of Seine-Saint-Denis on behalf of its open-end core real estate fund, Europe II.

DWS’ Europe II fund launched in September 2017 and has received €600 million ($660 million) in equity commitments. Investors include pension funds, foundations and insurance companies.

The fund invests in core and core-plus assets across Europe with an overweight call in the residential and logistics sectors. The fund also seeks to build a diverse real estate portfolio by pursuing investments in emerging locations and major European cities.

This marks the fund’s fifth acquisition, bringing its gross asset value to an estimated €786 million ($865 million). DWS has more assets in the pipeline and expects to close on additional transactions by the end of the year.

Upon completion, the property, known as B-Square, will comprise 9,500 square meters (102,257 square feet) of office space. Develo

Forgot your username or password?

We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. By clicking on “I accept”, you consent to our Privacy Policy.