Fundraising - NOVEMBER 23, 2021

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MIMCO Asset Management launches €300m real estate fund in German market

by Kali Persall

MIMCO Asset Management has launched a new investment vehicle focused on real estate revitalization in Germany.

MIMCO REVITALIZE will take the form of a mutual fund and will follow a value-add strategy. The fund's investment policy focuses primarily on the revitalization of buildings intended primarily for office, retail and residential use. The fund will have a target size of €300 million ($337 million).

MIMCO AM said the goal will be to select assets with real value-creation potential, and to consider changes in household consumption patterns, new work organization and the latest thermal and energy standards, which require many obsolete assets to be upgraded as they are no longer adapted to the way the modern economy operates.

The MIMCO REVITALIZE fund will be marketed to family offices, asset managers, independent asset management advisers and private banks.

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