European real estate fund launched

European real estate fund launched

TH Real Estate has opened a new fund which will invest in 'future-proof' cities across Europe.


The fund was launched with €200 million in co-investment capital provided by TIAA, a statement issued by the firm said.

TH Real Estate European cities fund manager Andrew Rich said: “Following extensive research based on megatrend filters, we have identified a list of European cities for investment, creating a unique product which will benefit our investors' long-term goals.”

Over 200 European cities were assessed by TH Real Estate based on factors such as urbanisation, technology, quality of life and population growth. Of the 200, 42 cities made the firm’s final list.

According to TH Real Estate, individual investment strategies will be applied to each city.

TH Real Estate global co-head of research Alice Breheny said: “A city-based real estate strategy, underpinned by long-term, structural trends, that strikes the right balance of risk and diversification, while taking advantage of short-term pricing opportunities may enjoy above-average portfolio level returns, lower-than-average volatility, and modest downside risk, for long-term investors.”

The fund is targeting equity of €3-5 billion over next five years.

Read more:

Super 'not an estate planning tool': Treasurer

SuperStream take-up hits 70%

Global portfolio construction 'obsolete'

Equip CEO announces departure

Related Articles

 

European real estate fund launched
investordaily image
ID logo
promoted stories

Appointments

Rod Bristow

Former CommSec COO joins fintech company as CEO

Staff Reporter

Brian Thomas

Boutique manager hires Perennial executive

Staff Reporter

Tania Cummin

Equip Super appoints strategy and markets executive

Staff Reporter

Analysis

investordaily image

A correction, not a turning point

James Swanson

Martin Dropkin

Why bond covenants matter

Martin Dropkin

Maurizio Canton

Striking a balance between security and innovation

Maurizio Canton