Fundraising round-up: European funds stay active
As European fundraising heads into summer, many firms have launched new real estate–focused funds.
UK-based Hansteen Holdings Plc recently launched the Hansteen UK Industrial Property Unit Trust II, a closed-end fund that will acquire industrial assets in the United Kingdom. The value-added fund has a £200 million (€234 million) buying power and has been seeded with £49 million (€57.3 million) in property. It has raised £107 million (€125 million) in equity, with one-third of that from Hansteen and two-thirds from clients of Aviva Investors Real Estate Multi-Managers. The fund will use gearing of a maximum of 45 percent.
French asset manager La Française Real Estate Managers has launched LFP Immo SR II,