ZBI/Deutsche Investment: Second Spezialfonds to reach €200mn
Erlangen-based ZBI Gruppe and fund company Deutsche Investment are jointly issuing the “Deutsche Investment – ZBI Wohnen II” Spezialfonds. The target volume is to be €200mn. Residential properties are to be acquired exclusively, with a maximum share of 25% in new construction. Once again, the focus for investment will be on Berlin; the target IRR is to be 5.5%. The first joint Spezialfonds was issued last year; by the end of July 2014, it had invested around €160mn in residential properties, mainly in Berlin. Further purchases up to the target volume of €180mn are in the pipeline.
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