trending Market Intelligence /marketintelligence/en/news-insights/trending/kzaqdp7sxolvmsmw3jv8cg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Cresco Capital raises €197M at close of German residential 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

Cresco Capital raises €197M at close of German residential fund

Real estate investment company Cresco Capital Group raised €197 million at the final close of its CCG1 fund, Property Investor Europe reported.

The fund, which targets roughly €300 million in investment capital, is focusing on German student and serviced apartment projects, but also seeks opportunities in neighborhood, office and hotel development, according to Daniel Schuldig, a Cresco Capital founding partner.

Roughly half the fund has already been invested in Berlin, Frankfurt and Cologne. In Frankfurt, the fund purchased a 12,000-square-meter property where it plans to develop 250 micro-apartments for students, along with a 1,300-square-meter retail space.

Investors in the fund include LJ Partnership and other international family offices, as well as high-net-worth individuals, the report noted.