Aareal Immobilien Kapitalanlagegesellschaft mbH, which was formed at the beginning of 2004, starts with its first special property fund. “Nordic Funds” has a planned investment volume of €250 million, and investments primarily in Sweden, Finland and Denmark.
The fund is targeted at institutional investors who wish to participate in the positive development of the Scandinavian property markets. This is the first time a special property fund with this particular regional focus has been offered in Germany. Furthermore the remuneration plan for fund management is closely aligned with the performance.
“This is a good time to enter the Scandinavian property markets. Most of the rental markets have bottomed out and forecast rental growth is above the EU average,” says Dr. Ulrich Nack, Managing Director of Aareal Immobilien KAG.
The fund is not taking on any of the risks associated with project developments. Investors benefit from the local expertise of the Aareal Bank Group in the Scandinavian property markets.
Aareal Immobilien Kapitalanlagegesellschaft mbH, Wiesbaden, is part of the Aareal Bank Group’s Property Asset Management business unit. The property bank group manages assets of around €4 billion and offers a broadly diversified range of investments in a number of different countries and sectors. Within the Property Asset Management business unit, Aareal Immobilien Kapitalanlagegesellschaft specialises in special funds in accordance with the German Investments Act, whilst Aareal Property
Services specializes in closed-end funds according to German and international law. Consequently, both companies focus on institutional investors.
Source: Aareal Bank