UFG sets up European fund of Funds

The UFG REM (UFG-LFP Group) has set up a European Fund of Funds, structured as a contractual corporate fund (SICAV contractuelle) governed by French law.

The UFG European Fund of Funds is the first real estate investment fund with a non-listed core/core+ profile and targets French institutional investors wishing to diversify their portfolio by gaining exposure to the wider European property market outside France.

The closed-ended fund will have a life term of seven to10 years, with initial capital of €23m, and will comprise office and retail real estate assets in Northern Europe, in particular in Scandinavia, the United Kingdom, Germany and the Netherlands.

UFG European Fund of Funds promoters were advised by Stéphane Puel, partner, and Antoine Sarailler, senior associate, from Gide Loyrette Nouel’s Investment Funds team, in addition to Laurent Modave, partner, and Bertrand Jouanneau, senior associate, from GLN’s Tax department.

preloader
Close Window
View the Magazine





You need to fill all required fields!