German pension giant involved in new retail park fund
Germany’s largest pension fund investor, Bayerische Versorgungskammer, and fund manager Universal-Investment, have joined forces with Blue Asset Management to launch a €250 million retail park fund.
The fund invests primarily in Austrian retail parks in established locations with sound fundamentals. The investment focus is on sustainable retail concepts that primarily serve the local and basic supply of a catchment area, such as specialist and city markets, convenience in city district centres and local supply centres.
Eight retail properties have been acquired by the fund as an initial investment.
Another fund launch has been held by The Laxfield Group, a discretionary real estate debt fund with £500 million (€569 million) of commitments, backed by institutional capital.
Laxfield will target individual loans of up to £100 million (€114 million) and is seeded by £250 million (€284 million) of already written loans.
Meyer Bergman held a