Fundraising - SEPTEMBER 6, 2016

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

ILG launches €400m German retail real estate fund

by Andrea Waitrovich

German retail real estate specialist ILG Group has launched its first fund for institutional investors via ILG Capital.

The open-ended special AIF – ILG Einkaufen Deutschland I – plans to invest approximately €400 million ($450 million) in large-scale German retail properties.

The fund has started to invest its capital, acquiring a portfolio of six properties for €140 million ($157 million). The seller was HBB Hanseatische Betreuungs - und Beteiligungsgesellschaft. Properties are located in Ahlen, Ingelheim, Nidderau, Uelzen and Walsrode.

The fund launch follows several Germany-based fund launchings this year. La Française, in conjunction with the Real Estate Management Institute at EBS University, launched a €400 million ($446 million) German retail real estate f

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy