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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

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