RFR: First Luxembourg fund with shares in own assets
RFR Group has launched its first Luxembourg fund. The “RFR Prime Real Estate SCS” is conceived as an umbrella fund and is administered by Luxembourg subsidiary RFR Lux Fund Management. Its first investment vehicle is a closed-ended sub-fund with a core to core plus strategy. Investors can use it to acquire shares in property owned by RFR Group. To date, €120mn in equity have been collected, RFR states. The Group manages real estate assets in Germany and the USA worth about €12bn, of which €3bn are in Germany.
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