Deutsche Asset Management has confirmed the launch of its open-ended Pan European Core Real Estate Fund after raising €568 million from 12 institutional investors from Europe and the US in the first round.
Focused on income and capital growth, the institutional fund will invest across core locations in larger European economies as well as sectors such as office, retail and logistics.
Georg Allendorf, head of real estate Europe at Deutsche AM, said: “Our established local presence across Europe and proven reputation in core investing has resulted in this great fundraising achievement.”
"With a positive market landscape across Europe, we look forward to delivering upon this investment strategy for our investors.”
Deutsche AM held €49.7 billion globally in real estate assets under management as of June 30, 2017.
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