Mitiska REIM has held a final closing of the MEREP 3 European value-added fund at €310 million ($325 million), exceeding the initial target of €300 million ($315 million) and representing a 39 percent increase in funds raised compared to the preceding fund at final close.
MEREP 3 (Mitiska European Real Estate Partners 3) is the third flagship fund from Mitiska REIM and focuses on the accelerating opportunity in convenience real estate across Europe, targeting food-anchored retail parks, multi-let light industrial, self-storage and urban logistics projects. 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 focuses on light to heavy value-added investments including repositioning, reconfiguring and retrofitting of existing properties and risk-mitigated development projects. This la
