TD News International
Real I.S.: Private fund acquires assets worth €113mn
Real I.S. has collected about €70mn in equity for the private fund "Real I.S. Grundvermögen". This now concludes the placement phase. The firm acquired three assets in Munich, Bonn, and Parsdorf near Munich. The purchase prices released so far were €23.2mn (Retail Park Parsdorf), €53.2mn (RegerHof in Munich), and €36.6mn (Fronhofer Galeria Bonn). For its first public fund, Real I.S. is expecting a payout distribution of 4 to 4.5 % per year with a planned term until the end of 2018. The distributions of the first two business years were within the forecast, Real I.S. reports.
Subscribers to our premium service have access to this article in full as well as to an additional 450,000+ news items: all filterable by topic, company, asset class, city or keyword. In TD Premium you can search for investment deals, leases, current project developments and company news with pinpoint accuracy.
TD Premium is Germany's leading property information tool that interconnects news, transactions, project data, market and company information in a unique and flexible system.