Fundraising - APRIL 20, 2015

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Rockspring launches European fund

by Andrea Waitrovich

Rockspring Property Investment Managers has announced the launch of its Rockspring TransEuropean VI. With an equity fundraising target of €400 million ($431 million), it will be the largest capital raise to date for Rockspring’s TransEuropean series.

The fund, which is accepting equity from investors around the globe, will primarily invest in office, retail and industrial properties across continental Europe and the United Kingdom with a core-plus/value-add risk profile. The fund will use leverage of approximately 50 percent, delivering a spending power of €800 million to €900 million ($861 million to  $ 967 million), which will be used to purchase high-quality assets that will deliver strong income returns for investors.

The launch of TransEuropean VI follows TransEuropean V, which raised more than €350 million ($377 million) in 2012 from 12 investors from 10 countries across four continents. TransEuropean V is currently 95 perc

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