Fundraising round-up: Dog days of summer
As the summer draws to a close, Rockspring Property Investment Managers has announced the third close for its Rockspring UK Value II fund, bringing total equity commitments to £150 million (€188 million). Rockspring UK Value II launched earlier this year with a £300 million (€376 million) target. The fund is scheduled to complete its final close at the end of this year. With leverage, the fund is targeting investment in a portfolio valued at more than £600 million (€752 million). The fund currently has five investors, comprising institutions from the United Kingdom, continental Europe and Australia.
Rockspring UK Value II has started to invest its capital and has acquired three assets with an aggregate value of £84.5 million (€106 million). The most recent transactions included the Bramley Shopping Centre in Leeds, England, and Guildhall, an office and retail investment in Gla