EUROFFICE Fund oversubscribed (EUR)

IXIS AEW Europe/Curzon has announced the third and final closing of
the Euroffice Fund that brings the total size of the Fund to €350 million.
Euroffice is a core office fund that invests in the Eurozone. The Fund targets
an IRR of 8% to 9%.

Euroffice Fund is dedicated to French institutional investors, mostly insurance
companies and pension funds. The fund has now 16 institutional investors
representing an equal mix of repeat investors and new clients to the group.
The capital raise surpassed the original target size of €250 million and capped the total equity raised at €350 million.

"The fundraising success is directly related to our ability to deploy capital,"
commented Jean Lavieille, Head of Funds in Paris. "Euroffice Fund has
already acquired three select assets: a 20,500-m² office building in
Hamburg; the headoffice of the Handelsblatt Newspaper in Düsseldorf; and
the Colisee 2 building in Paris / St Ouen. The breadth of our platform allows
for a very healthy pipeline."

Source: IXIS AEW/Curzon

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