The Real I.S. Group, a Germany-based fund provider specialized in real estate investments, has held a €600 million ($743 million) close for Real I.S. BGV VII Europa, its real estate special AIF.
Real I.S. has a planned overall fund volume of €1 billion ($1.2 billion) for the fund. A successor fund is already at the planning stage.
“The closing of BGV VII Europa within such a short space of time is clear evidence of the huge interest of investors in fund products allocated on a pan-European basis,” said Jochen Schenk, member of Real I.S.’s management board. “The fund is currently investing in eight properties of various usage types in several countries. Another four investments are already at the preparation stage,” Schenk added.
Similar to BGV VII Europa, the successor fund, will also feature broad diversification by country and usage type. Therefore, investments are exclusively planned in euro zone countries and will focus on logistics and hotels, a
