BNP Paribas Real Estate Investment Management Luxembourg has announced the final closing of Next Estate Income Fund II (NEIF II) on June the 15.
Commitments in excess of its targeted €500m will be deployed in brand-new or recent properties in the key Eurozone office markets. The fund has recently disclosed several transactions including acquisitions in Paris, Luxembourg, Dublin and Milan and it will continue to look for core office properties in the main gateway cities in the Eurozone.
For Henri ROMNICIANU, head of capital raising for pan-European funds: “This very successful final closing strengthens the international profile of the Fund with investors coming from the Netherlands, Belgium, Luxembourg, France, Ireland, Italy, and Spain. The “NEIF” funds perfectly meet the requirements of pension funds and insurance companies looking for income-driven strategies. Core European investments continue to present attractive investment opportunities particularly against the current uncertain economic background. We are determined to continue to offer new investment solutions in this highly-demanded market.”
For Laurent BOISSIN, fund advisor: “After this final closing the investment capacity of NEIF II will exceed €800m. Since the launch of the Fund, NEIF II has already allocated 50% of the equity commitments and will further expand its investment activity in the Eurozone over the next few months considering properties up to €150m per asset”.
NEIF II is a SICAV-SIF based in Luxembourg. It offers geographical diversification in the Eurozone office sector to international institutional investors.
