One megafund was launched and one held a final close during November 2016.

Cromwell Property Group launched a €2 billion European Cities Income Fund, with the €205 million acquisition of a seed portfolio of three Dutch properties. This is Australia-based Cromwell’s first major European fund launch.

CECIF is a long-term, open-end core fund.The fund will invest predominantly in retail and leisure, industrial, office and some specialist property sectors.

Nordic Real Estate Partners held a final close for its NREP Nordic Strategies Fund II with an investment capacity of €1.7 billion.

NSF2 will focus on modern logistics, necessity-driven retail and residential properties in Denmark, Sweden, Finland and Norway, and will also engage in new strategies, such as student housing.

Other managers to recently launch funds include NTM Capital, Orchard Street Investment Management, Quadrant Real Estate Advisors and TH Real E