Kronos raises $117m for real estate fund

Kronos Investment Group, a Luxembourg–based real estate investment firm, has raised $117 million for Kronos Real Estate Fund, reaching its current equity fundraising target, according to a filing with the SEC.

The real estate fund recently opened in December 2016. Once it holds a final close, Kronos Real Estate Fund will invest in European markets across multiple asset classes including residential, retail and office.

Since its inception in 2014, Kronos has acquired numerous properties across Europe. Some of these include the Badalona Port, a plot located in the port of Badalona in Barcelona, with the intention to develop 250 condominium units, and an asset located in northwest Madrid where it plans to develop 150 condominium units.

Kronos has executed in excess of €14 billion ($14.9 billion) in real estate transactions, according to the firm’s webs