Industry News

Alpha Real Capital (Alpha), a specialist manager of long income real assets, has launched the European Long Income Fund (ELIF), which will target Euro denominated, asset backed, secure inflation-linked income streams by investing in commercial ground rents, amortising income strips and long lease property (eg sale and leasebacks). The Fund’s primary focus on ground rents and income strips is intended to place ELIF at the lower end of the risk spectrum, offering a key differentiator to other long income property...

M7 Real Estate has fully invested its first dedicated Polish investment fund. The manager said its M7 POLAF fund’s portfolio now has a total value in excess of €120m following €11m of new transactions The fund comprises nine office, light industrial and logistics assets totalling 93,536sqm across Poland. Paul Betts, MD central Europe at M7 Real Estate, said: “A robust local asset management infrastructure has already begun to deliver a number of asset management initiatives in order to stabilise the...

Long Harbour, a real estate and asset-backed investment manager, has launched its European Ground Lease Fund, a new vehicle that will invest in ground leases on residential and commercial real estate assets across Europe. The Long Harbour Euro Secured Income 1 Fund (LHESIF 1) will be managed by Richard Silva. Long Harbour has an initial EUR30 million to deploy through the new fund, and a further EUR370 million committed from investors, bringing the total available to EUR400 million. The vehicle...

German investment giant Union Investment and Hamburgbased Redos have launched an open-ended special alternative investment fund (AIF) focusing on German retail parks and specialist shopping centres. Redos Einzelhandel Deutschland III will concentrate on specialist retailer-focused shopping centres with stable value and potential for economic development, according to the two firms, with a target volume of at least €1 bn. Initial equity commitments in the hundreds of millions have already been secured from various institutional investors, with the fund open to...

BlackRock Real Assets has achieved a US$1 billion first close for its Global Renewable Power III fund (“GRP III,”) with commitments from over 35 institutional investors in North America, Europe and Asia. The record first close reflects strong investor demand for renewable power assets that can generate attractive risk adjusted returns with low correlation to the economic cycle, and that align with their long-term sustainability goals. GRP III is the third vintage of BlackRock’s global renewable power fund series. The...