GARBE Institutional Capital launches science and technology real estate fund

GARBE Institutional Capital is launching a new institutional club-deal strategy to invest in science and technology-led real estate.

The GARBE Science and Technology Real Estate Fund 1 (GARBE STREF #1) is an alternative investment fund (AIF) with a total target investment volume (GAV) of €400 million ($454 million). Three institutional investors already have committed to the fund.

The fund primarily focuses on core and core-plus properties, but also can invest in real estate developments. The most important investment criterion is the potential for third party usability of the assets. GARBE said all assets in the fund must have a focus on research and development.

Thomas Kallenbrunnen, managing director of GARBE, said the firm is focusing on properties with tenants that benefit from long-term megatrends, such as the rise of biotech, digitalization, decarbonization and demographic change.

“We are convinced that we are facing a decade of rapid growth in