Aquila Capital, an alternative asset manager owned by Germany's Aquila Group, has won a global real estate portfolio from a large institutional investor in Asia.
The investment is worth up to $500 million (€389 million) and will be invested in European real estate and global renewable energy projects. Alceda Fund Management, which is also part of the Aquila Group, structured the project.
The client is not named.
The first investment, comprising three newly built logistics centres in Germany, has already been signed and have been leased to the leading postal and logistics group DHL for the next 15 years. The total investment is approximately €33 million.
Roman Rosslenbroich, chief executive of Aquila Capital, which has €7.4 billion of assets under management, says the firm is seeing increased demand for bespoke real asset portfolios from institutional investors in Asia.
A report yesterday showed that property is increasing in popularity among institutional and wealthy investors as they seek income rather than high returns.
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