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BauMont Real Estate to invest €337M of capital from debut fund

Private equity group BauMont Real Estate Capital plans to invest €337 million of commitments that were raised for its recently closed debut fund, BauMont Real Estate One SCSp, REFI Europe reported.

The capital was collected from seven institutional investors, including sovereign wealth funds, funds of funds, endowments and pension and life insurance companies from Europe, Asia and the U.S. The total amount raised included €312 million within the fund and €25 million of discretionary co-investment from another source, the March 21 report added.

The fund has already deployed €50 million of the capital to buy two properties, representing a total deal value of €125 million. The deals include the 25,800-square-meter Crystalys office building in the Vélizy-Villacoublay suburb of Paris and a 9,000-square-meter office in the French capital's La Défense district, which is set to be extensively restructured.

The remaining funds will be invested over the next two to three years in value-add opportunities in Western Europe, with a main focus on France and the U.K., according to the report.

Other potential purchases include a new building under a future completion contract, which is under exclusivity, the publication added, citing Robert Balick, managing partner and chief investment officer at BauMont Real Estate.