Project launches German real estate fund
German real estate asset manager Project has announced the launch of “Vier Metropolen II” an Aifmd compliant real estate fund investing in urban real estate projects across Germanys four biggest cities as of January 2016.
The fund aims to follow up on the strategy of Project’s existing real estate fund by investing predominantly in residential real estate, including at least six objects in at least three cities.
With a minimum subscription of €5m, it is targeted at institutional investors. It aims to achieve an annual return between 7 and 9%, it will have a project volume of up to €250m.