ILG Capital GmbH has launched a new German retail real estate fund which is aimed at institutional investors. 

The open-ended special AIF, which is called ILG Einkaufen Deutschland I, will invest in the region of €400m (£340) in large-scale German retail properties offering stable investment returns. 

“The fund’s investment strategy received positive feedback from our target investors which meant that we were able to receive €150m [£128m] in equity commitments from numerous investors for our first closing”, said Dr. Jan Friske, Managing Partner of ILG Capital. 

“The fund is aimed solely at German institutional investors like banks, pension funds and insurance companies,” he added.