French real estate fund raises €180m
La Française Real Estate Managers has raised €180 million ($193.7 million) for LFP Immo SR II, according to Marc Bertrand, managing director.
The core/core-plus fund focuses on new office buildings in France with environmental certificates. LFP Immo SR II launched in May 2015 and has acquired seven properties and development projects in Paris, Lyon, Toulouse, Lille and Montpellier.
The fund has received approximately 15 outside investors, including French banks, pension funds and insurance companies. La Française is targeting a March 2015 final closing for the fund.
Fund data at your fingertips. Subscribe to the FundTracker database.