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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.

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