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Momeni launches €600m fund

by Andrea Waitrovich

Hamburg-headquartered property company Momeni Group has launched a €600 million ($681 million) fund to invest in German opportunistic real estate. Momeni Prime Opportunities Fund will focus on investments in office and retail assets in the central business districts of the major German cities.

“The strategic approach of Momeni Prime Opportunities Fund offers our investors an attractive yield combined with sustained contribution balanced risk profile,” said Daniel Werth, managing director of Momeni Investment Management GmbH, in a statement.

Momeni Investment Management is the investment division of Momeni Group, which specializes in the development and management of core real estate in inner-city locations in Germany’s major cities.

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