trending Market Intelligence /marketintelligence/en/news-insights/trending/6WKJgV7W5VoPQr_44aOAJA2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Peakside Capital fully invests German RE fund

Commercial Real Estate: 2020 Review

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd


Peakside Capital fully invests German RE fund

Property investment manager Peakside Capital has fully invested its second fund, PREF II, with a project volume totaling more than €600 million.

The fund targets value-add and opportunistic properties in Germany and has carried out seven investments so far, including two assets worth upward of €100 million, which have already been sold.

PREF II holds five office and mixed-use developments in the German cities of Frankfurt, Hamburg and Berlin, and its returns are estimated to beat its 20% target yield "substantially," according to a release.

Peakside Capital agreed to and closed the last three transactions for the fund, including the purchase of the approximately 11,000-square-meter Theodor Heuss Allee 108 asset in Frankfurt from a closed-ended fund previously managed by Axa Merkens.