Alternative investment fund manager ECE Real Estate Partners has raised approximately €100 million in additional capital for its ECE Progressive Income Growth Fund (EPIG Fund).
The EPIG Fund invests in high-quality shopping centres across Europe and currently holds a portfolio of seven centres valued at over €2.2 billion.
This latest capital raise follows previous fundraisings of €150 million in 2022 and 2023 and the joint acquisition of the PEP shopping centre in Munich with the Generali insurance group in March 2023. The additional capital will be used to acquire new assets and invest in the existing portfolio.
Leading institutional investors participating in the capital raise include Blue Sky Group, KLP, and clients of Townsend Group.
Source: propertyeu.info on the 25th of September, 2024
https://propertyeu.info/Nieuws/ECE-Real-Estate-Partners-raises-100m-for-shopping-centre-fund/c0755e25-f054-4cb3-b015-ffc979e37401