- June 1, 2021: Vol. 15, Number 6

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BentallGreenOak holds €1.5b value-add final close

by Andrea Zander

BentallGreenOak has completed the final close of its third European value-add fund with almost €1.5 billion in capital, surpassing its initial target of €1 billion.

BentallGreenOak’s European value-add strategy has invested more than €2 billion since 2014. The fund’s predecessor closed in 2019 and has already returned 80 percent of its capital to its limited partners. More than 50 percent of Fund III’s capital has already been deployed through 27 investments made across the UK, Germany, France, Italy, Spain, the Netherlands, Norway and Denmark. Fund III will focus on sectors such as logistics — including cold storage and urban logistics — life sciences and data centres.

Northern Horizon has also held a final close and surpassed its target. Nordic Aged Care Fund, which launched in 2016 and is Northern Horizon’s third specialised care home fund, has raised €300 million. The fund helps the Nordic countries meet the challenge of rapidly ageing populatio

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