Edmond de Rothschild Euro Industrial Real Estate Fund exceeds €100 million GAV
Amsterdam. The Edmond de Rothschild Euro Industrial Real Estate Fund (EIREF) has reached the milestone of €100 million gross asset value and is looking to expand into Germany.
Since its launch in 2019, the fund has grown steadily through portfolio and single-asset acquisitions in its preferred geographical locations in the Netherlands. Following the completion of the most recent acquisition in Utrecht, in August this year, the fund now owns 17 light-industrial and small logistics assets with a diversified cashflow adding up to a gross asset value of €100.3 million.
In order to get exposure in other European markets, the ambition is to expand further through acquisitions in Germany, with the focus on assets in accessible and urbanized locations with excellent transportation links.
Theo Soeters, Fund Manager at Edmond de Rothschild REIM, commented: “So far we have built a solid portfolio which is 100% leased with a seven-year average lease-length, a strong tenant base and high-quality assets in very good locations. By expanding to Germany, the fund will be able to continue growing in a market that offers excellent infrastructure and strong economic prospects.”
The fund has a core plus risk profile with the objective to provide solid and stable distributions combined with capital preservation based on strong diversification. The open-ended fund currently has an institutional investor base and is open for investors from a high variety of jurisdictions. The objective is to grow the fund to at least €250 million.
The open-ended fund is domiciled in Luxembourg in the form of an FCP-RAIF. Pancura S.A. is the Alternative Investment Fund Manager and Aztec Group is the Central Administrator.
Edmond de Rothschild Euro Industrial Real Estate Fund is reserved exclusively for professional investors and might come with restrictions for certain persons and in certain countries. The fund does not guarantee or protect the capital invested, so investors may not recover the full amount of their initial capital invested even if they retain their units for the recommended investment period. Any investment in Edmond de Rothschild Euro Industrial Real Estate Fund involves exposure to certain risks and not limited to liquidity risk, concentration risk (Real Estate investments) and currency risk. Any investment in Edmond de Rothschild Euro Industrial Real Estate Fund may in any event only be made on the basis of documents and information that comply prevailing regulations.