Habona now also issues an open-ended private AIF

04/06/2019

Habona, who has previously focused on closed-ended funds, is issuing an open-ended private fund. The Frankfurt-based issuing company is holding fast to its customary investment types: The “Habona Nahversorgungsfonds Deutschland” will primarily invest in grocery markets and local supply centers. Medical centers, hotels, apartments and offices may also be included as part of district centers, but the main focus will be on the groceries sector as an anchor, a Habona spokesperson told TD upon inquiry. The firm intends to build a portfolio with a volume of about €500mn over the next five years. Start of marketing is planned for the second half of the year, when the first properties have been acquired. The target yield is at least 3 %. Intreal is acting as service capital manager for the fund. The “Fondstelegramm” had first reported the news.


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