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TODAY'S OTHER NEWS

ILG launch £340m German real estate fund

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. 

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

 

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