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Deutsche AM raises €568m in first close of new pan-European fund

By Kasmira Jefford - Wednesday, October 11, 2017 13:49

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Deutsche Asset Management (Deutsche AM) has completed the first close of its new open ended Pan European, core real estate fund, raising €568m from 12 institutional investors from across Europe and the US

Focused on income and capital growth, the institutional fund will invest across core locations in larger European economies as well as in diverse sectors, including office, retail and logistics.

Investors from the Netherlands, the US, Germany and Switzerland have committed to the first round of fundraising, which Deutsche AM said reflected "confidence in Deutsche AM’s real estate investment platform". 

Georg Allendorf, Head of Real Estate Europe at Deutsche AM, said: “Our established local presence across Europe and proven reputation in core investing has resulted in this great fundraising achievement.” He added: "With a positive market landscape across Europe, we look forward to delivering upon this investment strategy for our investors.”

Deutsche AM has a 45-year track record in European core property investment, and a strong heritage formed through a number of successful open-ended funds in Europe and the United States. It currently holds €49.7bn globally in real estate assets under management as of June 30, 2017.

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