Helaba Invest awards €400m mandate to ILG Capital

Helaba Invest has awarded a €400 million ($496 million) mandate to retail property specialist ILG Capital to invest in German retail parks and large-scale retail supply real estate.

The first transactions, worth approximately €100 million ($124 million), have already been completed.

“The mandate will demonstrate our ability as a partner for institutional investors in the field of German retail real estate, with a mandate to invest in retail parks and large-scale retailers, with asset sizes of up to €40 million ($50 million) in investment focus, with initial transactions in the region of €100 million ($124 million) already in place,” said Florian Lauerbach, managing director of ILG Capital.

This is an individual fund that is not accessible to other investors. The only investor is Helaba Invest, which invests its real estate multi-manager mandates.

“After our institutional fund ILG Shopping Germany I, which was placed in 2016, has already inve