French real estate investment manager Oreima has raised EUR275 million at the close of its latest fund Oreima IV after receiving capital commitments from European institutional investors.
The manager said the fund, which has a 50 per cent leverage component, has approximately EUR200m of already-made investments.
The Oreima IV expects to make approximately EUR350 million worth of investments mainly in offices, but also in mixed-use assets with a residential component, in Paris or in regional cities.
The fund’s investment plan also includes “associated green refurbishment initiatives”, the manager said.
Brigitte Sagnes Dupont, the president of Oreima, said: “This fundraising is a testimony of our teams’ ability to continue to successfully attract leading investors around our strategy.
“Oreima will pursue its strategic vision by selecting quality assets that will be modernised in line with its environmental aspirations and with respect for the history of the sites.”
Source: realassets.ipe.com on the 12th of April 2022
https://realassets.ipe.com/news/french-real-estate-manager-oreima-closes-latest-fund-at-275m/10059208.article