MIPIM News: Savills launches Europe V – Retail Fund

MIPIM News: Savills launches Europe V – Retail Fund

Published at: 2018-03-15 10:42 | Author: CIJ Europe
Savills International Managements has launched Europe V – Retail Fund. The fund will invest in local shopping centre, retail parks, designer outlet centres, high street and other retail assets across Europe. Europe V is targeting a total return of 10-12% net per annum after costs, fees and local taxes, including a yield of 5%-plus. It has already made its first acquisitions, purchasing two assets in the Netherlands from Redevco for €31m. Europe V marks the firm’s second recent European retail focused fund, following the launch of Nordic III – Retail in late 2017. Problematic issues with an over built-American retail market have often contributed to a similar negative perception of retail in Europe. This has led to attractive relative pricing and buying opportunities across certain European territories, particularly in the Netherlands and Germany. The two funds target different risk profiles. Europe V is a value-add fund whilst Nordic III is a Core/Core+ fund.

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