French real estate fund holds final close of €200m
La Française Real Estate Managers has held a final close of €200 million ($226 million) for LFP Immo SR II, according to IREI’s FundTracker database.
The core/core-plus fund targets new office buildings with environmental certificates throughout France. Since its launch in May 2013, the fund has acquired seven properties and development projects in Lille, Lyon, Montpellier, Paris and Toulouse.
As of January 2016, the fund had approximately 15 outside investors, including French banks, pension funds and insurance companies.
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