GARBE Institutional Capital has launched a pan-European residential real estate fund with a total target investment volume (GAV) of around EUR800 million.
The GARBE European Residential Fund (GARBE EUResi), which has already received equity commitments of EUR82.5 million, will invest in real estate developments and selectively also in properties undergoing energy rehabilitation.
The investment focus of the German open-ended alternative investment fund (AIF) is on A- and B-cities in the Netherlands, France, Great Britain as well as on the metropolises of Prague and Warsaw. The target equity volume of the core fund is between EUR400 and EUR500 million and the maximum debt-ratio (LTV) is 50 per cent.
