German Residential Fund locks in €100m
d.i.i. Investment has raised €100 million ($115 million) for its German Residential Fund (GRF).
The planned equity volume of the fund is between €150 million and €250 million ($173 million to $289 million).
Structured as an international real estate AIF, GRF will invest 100 percent in German residential real estate in B-cities, supplemented by selected micro-locations in A-cities. The AIF is geared toward international professional and semi-professional investors, such as private clients, family offices and foundations. d.i.i. Group recently acquired a portfolio of 149 residential units and 10 commercial units in Hamburg on behalf of the fund.
“As a result of persistently low interest rates and the ongoing pandemic, investors around the world are looking for profitable investment alternatives,” said Thomas Mitzel, managing director of d.i.i. Investment. “The German residential real estate market has once again lived up to its reputation as a safe hav