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TH Real Estate launches German retail fund
Newly formed TIAA Henderson Real Estate has gotten to work quickly, launching the Core German Retail Fund, a core and core-plus fund that will invest in German retail including specialist retail parks, self-service department stores, hybrid malls and inner-city shopping centers.
“The Core German Retail Fund will seek sites in established, competitive locations across German metropolitan areas and medium-sized towns,” Thilo Wagner, director of investment, Germany, at TH Real Estate, said in a statement. “Asset management will play an important role in the process in order to optimize both the term of lease agreements and the tenant mix.”
The fund is seeking €400 million ($549 million) and doesn’t currently have a target first-