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Sign in Sign up for a FREE subscriptionMaine pension fund invests in European opportunistic fund
The $14.5 billion Maine Public Employees Retirement System has plans to invest €50 million ($56 million) in EQT Real Estate II, an opportunistic real estate fund managed by Swedish private equity group EQT Partners.
The fund will focus on office assets in gateway cities in Western Europe with strong demographics driving sustainable GDP and office-based employment growth.
Recently, its predecessor EQT Real Estate I acquired a vacant office property located in Clichy Saint-Ouen, North Paris. The property was acquired from a French pension fund advised by investment manager AEW. The asset, built in 2001, comprises 9,050 square meters (97,413 square feet) of office and storage space, and 199 parking spaces. The property is fully vacant.
