EQUAL Real Estate GmbH, established in Frankfurt am Main, has received approval of the BaFin to launch EQUAL Retail ImmoFund I, its newest real estate investment fund. BaFin is the German Financial Supervisory Authority.
The fund invests in five food retail properties in Germany. The funds investment volume is appr. €16 million. The average return on investment (ROI) during the funds existence is expected to be almost 8%.
Recently, EQUAL Real Estate has also commenced the incorporation of EQUAL Retail ImmoFund II. Fund II will build on the concept of EQUALs first retail fund and the investment volume will increase to appr. €25 million.
Source: EQUAL
