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Sign in Sign up for a FREE subscriptionM&G Investment’s European Secured Property Income Fund raises more capital
M&G Investment, an international asset manager, has continued its fundraising for its open-ended real estate fund, M&G European Secured Property Income Fund. It has raised €350 million ($431 million).
Launched two years ago, the fund’s portfolio comprises 38 properties with total investor commitments of €480 million ($591 million) since inception. The fund invests in traditional and alternative sectors with long term leases with 100 percent of the income linked to inflation.
The fund has completed nine transactions in seven countries across sectors such as retail, hotels, offices, residential, leisure and healthcare. Some of the transactions include:
Germany: €43.1 million ($53 million) deal with Motel One located in a prominent location in Berlin Freehold interests with over 100-year leases in Germany — a hotel in Munich let to NH Hotels and residential units in Halle, East Germany Sonae supermarkets: five Portuguese