The start of 2017 saw the launch of four funds. Clearbell Capital plans to launch its third fund, Clearbell Property Partners III, with a £400 million (€466 million) fundraising target. 

Its predecessor, Clearbell Property Partners II, closed in 2014 after raising £400 million. It is fully invested.

TH Real Estate launched its third Austria-focused real estate investment product — Austria Investment Club. The open-end special property fund aims to help German investors looking to access retail and office real estate investments across Austria. The core vehicle will target maximum equity of €250 million.

Swiss Life Asset Managers launched Swiss Life REF European Real Estate Living and Working. The open-end fund is a mutual property fund targeting European real estate. The fund’s primary investment focus is on the segments of housing and healthcare living, office and retail. The fund is primarily aimed at German priva