Empira launches development fund for housing property
Investment manager Empira has launched a fund for housing projects in the top 7 German cities. The “Empira Residential Invest” is anticipated to invest at least €400mn. It will acquire lots with approved building permits and retain the developed assets in its portfolio for the medium term. Empira is taking on all phases of property development as well as the asset management and subsequent transaction management. The firm intends to significantly expand its development division, and has recently acquired Munich-based Projektsteuerer igb for that purpose.
Subscribers to our premium service have access to this article in full as well as to an additional 480,000+ 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.