Mitiska REIM raises €168m for third flagship fund
Mitiska REIM has raised €168 million ($177 million) for its third flagship fund, Mitiska European Real Estate Partners 3 (MEREP 3).
MEREP 3 is the third flagship fund from Mitiska REIM and continues its focus on the accelerating opportunity in convenience real estate across Europe, targeting food-anchored retail parks, last-mile urban logistics, multitenant light industrial and self-storage opportunities. MEREP 3 aims to capitalize on the increasing demand from a growing range of end users for urban infill sites that offer accessible locations, affordable buildings, flexible design and sustainable solutions.
MEREP 3’s investment strategy targets light to heavy value-add investments, including repositioning, reconfiguring and retrofitting of existing properties and de-risked development projects. This latest fund builds on the strong track record and performance delivered by the preceding funds, which are on track to realize net IRR of 12 percent to 15 percent with