Meyer Bergman retail fund holds €750m final close
Meyer Bergman has announced a €750 million ($970 million) final close for its Meyer Bergman European Retail Partners II, reaching its equity fundraising target. The firm launched the vehicle in June 2012.
MBERP II attracted investments from 15 pension funds, endowments and asset managers from Asia, Europe, the Middle East and North America.
The firm’s second value-added retail real estate fund invests in assets located in dominant shopping locations across Europe that require active and creative asset management.
Approximately 50 percent of the fund’s capital is deployed in retail centers in Berlin, Copenhagen, London and Paris. The portfolio has made 10 investments to date and has already exited two.
Assets include buildings on Bond Street in London, acquired for £115.4 million ($186.7 million) from