HIH Invest Real Estate's new institutional investment fund just made the first investment by committing €630 million to a living portfolio of 14 assets.
The vehicle was launched together with the Vonovia housing company. HIH Invest holds an interest in the fund via a regulated AIF and is the majority shareholder representing a club of institutional investors. Vonovia will handle the property management while HIH Invest will act as asset manager and fund manager.
The acquisition involves 14 property developments and new-build structures acquired from Vonovia (11 assets for €500 million) and Quarterback Immobilien (3 for €130 million).
Source: propertyeu.info on the 3rd of October, 2024
https://propertyeu.info/Nieuws/HIH-Invest-s-new-resi-fund-acquires-630m-living-portfolio/38539b2a-76e7-4bac-879c-d7e6d1273629