MIMCO AM launches real estate AIF in Luxembourg
MIMCO Asset Management has launched a new alternative investment fund, focused on real estate development in Luxembourg.
MIMCO Grand-Ducal will invest in value-added transactions with value creation potential. It has an investment capacity of €60 million ($70 million) and an investment period of six years, depending on the strategy. The target commitment amount for the AIF is limited to €20 million ($23.5 million).
This fund is intended exclusively for professional and professional-like investors in France, including family offices, asset managers, real estate asset management advisers and private banks.
MIMCO AM said high-end real estate is the fastest growing market in Luxembourg due to the country’s high standard of living, which attracts wealthy investors and non-residents. The Luxembourg property market continues to grow and remains one of the most dynamic in Europe. Real estate in the Grand Duchy is known for its strong growth, providing new investme