EG Funds Management holds first close
EG Funds Management has held a A$430 million ($341 million) first close for its Yield Plus Infrastructure Property Fund No. 2.
Yield Plus Infrastructure Fund II is aimed for investment in yield-producing assets, across the office, retail and industrial sectors, that stand to gain from urban renewal arising from improvement in infrastructure surrounding the property. This could be done through rezoning, repositioning and redevelopment.
The fund will concentrate on income-producing property assets near new and upgraded infrastructure.