Rockspring nears final close date
U.K.-based Rockspring Property Investment Managers has a planned final close for its Rockspring TransEuropean Property Limited Partnership V on Dec. 5. The closed-end fund was launched in 2011 with a $450 million target size. It is one of the largest funds currently fundraising managed by U.K.-headquartered firms as of June 2012.
The fund invests in core, core-plus, distressed and value-added opportunities in the United Kingdom and continental European markets. The focus primarily will be on income-producing commercial assets with high income and value-adding potential.
The fund made a recent investment in May 2012. It acquired six retail assets in Sweden from Netherlands-based investor and manager Redevco for €77 million ($99.6 million). The portfolio comprises 45,000 square meters (484,376 square feet) of GLA in six retail assets located in Malmö, Lund, Västerås, Borås an