As planned, Real I.S. established a new diversified real estate special alternative investment fund with an initial target volume of approximately €1 billion.

Real I.S. BGV VIII Europe follows Real I.S. BGV VII Europa fund that closed in April after raising about €600 million within an estimated 18-month term.

The latest in the series of Bayerische Grundvermögen funds, Real I.S. BGV VIII will primarily target office assets and have a secondary focus on investments in retail, logistics and hotel properties.