Valad Europe, the leading diversified investment manager, has doubled the total fund capacity of its Valad European Diversified Fund (VEDF) to €1 billion by securing a further €190 million of new equity from existing investors.
During the initial investment phase, the Fund has so far invested circa €234 million of capital in a diversified portfolio of 14 assets, with a further €229 million under offer or exchanged, across the UK and Germany, where it will continue to invest in Core Plus / Value Add assets. The Fund will now also allocate up to €250 million of capital to investments in France, where Valad has a well-established local platform.
David Kirkby, Chief Investment Officer of Valad Europe, commented: “We had a first close of VEDF last December, having secured €180 million of equity commitments in response to strong demand from select international investors looking for attractive opportunities in European real estate. Having acquired or contracted in excess of €450 million over the past eight months, securing these additional equity commitments from the Fund’s investors will enable VEDF to continue pursuing its investment strategy and further expand it geographically into France.
Source: Valad Europe