Search
 

CGI Launches Institutional Property Fund

BERLIN- Commerz Grundbesitz Invest, one of Germany's largest investment groups, is to launch a DM1 billion ($560 million) fund targeted at institutional investors.

By Graham Parker | Updated on May 31, 2001

BERLIN- Commerz Grundbesitz Invest, one of Germany’s largest investment groups, is to launch a DM1 billion ($560 million) fund targeted at institutional investors. US funds seeking specialised management in Europe will be a key target.

CGI’s Fund Manager Arnold de Haan told the British Council for Offices annual conference in Berlin: ‘The Americans are not cowed by recession, while European funds are overloaded with property because of the equities crash,’ he says.

The fund represents a new departure for CGI, which until now has operated as an open-ended fund designed for private investors. It will provide an international spread for investors, and de Haan told a BCO workshop he is targeting France, Portugal, Italy and Spain.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.