CV Real Estate AG is launching a special AIF for investments in project developments. The fund is aimed at institutional investors from Germany, Austria and Switzerland (D-A-CH region) and is scheduled to be launched in the fourth quarter of 2019. The target equity volume of the fund amounts to 150 million euros, with which investments of up to 375 million euros can be made using debt capital of up to 60 %. The first expressions of interest from institutional investors have already been received.
The fund can invest in commercial project developments in cities with more than 100,000 inhabitants from the D-A-CH region, for example in the office, retail, hotel and boarding house sectors. The focus is on developments in the order of 50 million euros and above.
"Institutional investors are looking intensively for investment opportunities in attractive properties and real estate developments. Alternative special funds such as CV Real Estate AG's investment product give them access to corresponding projects combined with the proven high transparency and security standards of the regulated AIF without burdening the investors' classic real estate quota," says Christian Vogrincic, founder and CEO of CV Real Estate AG. "Our entry into the fund business offers us the opportunity to further accelerate the development of CV Real Estate AG. Starting from our strong position in project development, the special AIF marks an important milestone on our way to expanding our range of services step by step and thus generating additional growth," adds Anatol Obolensky, CEO of CV Real Estate AG.
The special AIF will be administered by Hansainvest as a service KVG, with Donner&Reuschel Bank acting as custodian.