ECE Real Estate Partners is expanding its investment activities and has raised further c. €100m of capital for its ECE Progressive Income Growth Fund (EPIG Fund) that invests in high quality shopping centres in Europe and holds a portfolio of seven centres with a total market value of more than €2.2b.
This latest capital raise follows raising circa €150m for the EPIG Fund in 2022 and 2023 and investing in the PEP shopping centre in Munich in March 2023 jointly with the Generali insurance group. The further capital is intended for acquiring additional assets and for investing in the fund’s existing portfolio. Leading institutional investors participating in the capital raise include Blue Sky Group, KLP and clients of Townsend Group.
Volker Kraft, Managing Partner of ECE Real Estate Partners, comments: “The EPIG Fund has achieved outstanding operational results and income growth since its inception in 2019. We believe we are in a favourable market phase to acquire assets and continue to raise capital for our investment programmes.”
Image provided by ECE.
Written by Leon Goldwater for Europe Real Estate.
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