Tikehau Capital, the Paris-headquartered manager, has raised an additional €135m for its European property investment vehicle Tikehau Real Estate Investment Company, taking total fundraising to €250m.
The funds will be put to use supporting short to medium term deals co-financing investments in multiple sub-sectors of property including industrial commercial, office space, logistics and student residencies.
Tikehau Capital has grown its total property assets under management to some €1.7bn in the past few years. Earlier this year, in November 2016, the manager announced that it had acquired 80% of shares in IREIT Global Group, manager of IREIT Global, a property investment trust listed in Singapore.
At the time, Tikehau Capital said IREIT’s portfolio consisted of freehold properties in Berlin, Bonn, Darmstadt, Münster and Munich, valued at about €450m.
Bruno de Pampelonne, president of Tikehau IM, then said the transaction would enable the manager to “significantly expand its pan-European real estate footprint”.