PURetail
PURetail Fund will invest in diversified Pan-European retail assets with moderate gearing. To achieve its return objectives the Manager will pursue active management based on its strengths in research, selection, acquisition and management of retail properties in city centre locations in Europe.
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Proposed structure |
Luxembourg FCP. Regulated by the CSSF |
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Investment focus
Promoter & Manager |
Diversified European urban retail portfolio (no out-of-town shopping centres, retail parks or retail warehouses) JV between CWI & SWIP |
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Style |
Core Plus |
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Targeted total return
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IRR: 10-12% IRR per annum (after costs, taxation at property and fund level, leverage) |
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Geographic focus |
Choice to invest in Continental Europe (sub-Fund A) concentrating initially on Germany, France and Sweden or pan-Europe, including UK |
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Target fund size |
€500m Gross Asset Value (GAV) |
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Target equity |
€250m |
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Leverage |
Maximum 50% LTV at portfolio level |
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Target Investors |
Well informed, institutional and professional investors |
