TH Real Estate launches core European real estate fund
TH Real Estate has launched a core, open-end fund targeting markets in Europe, according to a statement.
European Cities Fund is targeting between €3 billion ($4.25 billion) and €5 billion ($7.08 billion) over a five year period. The fund launched with a €200 million ($283.2 million) co-investment from TIAA, its parent company.
The fund will target retail, office and logistics properties in 42 European cities the firm has identified as “future proof” after assessing more than 200 cities on factors such as quality of life, urbanization, youth population, discretionary spending and population growth.
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