Deutsche Finance closes real estate fund with €436mn
Deutsche Finance International (DFI) has placed its first real estate fund with €436mn. The commitments for the “DFI European Value-add Fund” and the co-investment vehicle come from institutional investors, with one third each from Germany, the rest of Europe, and the USA. A portfolio with a volume of €856mn has already been established for the fund. This includes the Olympia development project in London, which was acquired together with co-investors such as BVK for £296mn, as well as apartment buildings in Barcelona and Madrid and student residences in Denmark. Two further purchases are to be made in the coming months. DFI, based in London, is part of the Munich-based Deutsche Finance Group.
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