Mitiska REIM, the leading specialist investor in European convenience real estate, has today announced the final closing of the MEREP 3 European value-add fund at €310 million, exceeding the initial target of €300 million and representing a 39% increase in funds raised compared to the preceding fund at final close.
MEREP 3 (Mitiska European Real Estate Partners 3) is the third flagship fund from Mitiska REIM and focuses on the accelerating opportunity in convenience real estate across Europe, targeting food-anchored retail parks, multi-let light industrial, self storage and urban logistics projects. MEREP 3 aims to capitalize on the increasing demand from a growing range of end users for urban infill sites that offer accessible locations, affordable buildings, flexible design and sustainable solutions.
MEREP 3’s investment strategy focuses on light to heavy value-add investments including repositioning, reconfiguring and retrofitting of existing properties and risk-mitigated development projects. This latest fund builds on the strong track record and performance delivered by the previous funds, which have delivered attractive returns to investors over a range of different economic conditions.
Source: mitiska-reim.com on the 3 March 2025
https://www.mitiska-reim.com/mitiska-reim-raises-e310-million-for-merep-3-european-value-add-fund/