Project’s German property funds aims for 9% return

Project, a German real estate asset manager with €1.2 billion of assets under management, is to launch a version of its Vier Metropolen fund, which invests in urban German real estate projects, for institutional investors.

Vier Metropolen II will invest in residential properties in Germany’s four biggest cities: Berlin, Hamburg, Munich and Cologne. It aims to achieve an annual return of 7-9% after fees, with a project volume of up to €250 million.

Investors will be able to access a portfolio of eight to ten developments in at least three cities.

Project, which has offices in eight German cities and in Vienna, launched the forerunner to the fund, the Vier Metropolen fund, in mid-2013 and closed in February this year, with equity amounting to €80 million.

The fund will be compliant with the Alternative Investment Fund Managers Directive and is to launch in January 2016. There is a minimum investment requirement of €5 million.

©2015 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

The tension between urgency and inaction will continue to influence sustainability discussions in 2024, as reflected in the trends report from S&P Global.
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

CLOUD DATA PLATFORMS

Luxembourg is one of the world’s premiere centres for cross-border distribution of investment funds. Read our special regional coverage, coinciding with the annual ALFI European Asset Management Conference.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST