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Deutsche Asset Management rakes in €568M for open-ended Europe core fund

Deutsche Asset Management closed the initial fundraising round for an open-ended, pan-European core real estate fund at €568 million, IPE Real Assets reported.

According to the report, 12 institutional investors from the Netherlands, Germany, Switzerland and the U.S. committed to the fund, which is focused on income and capital growth.

It will target core locations in larger European countries, and in various sectors such as office, retail and logistics.