The fund is marketed by the M.M.Warburg & CO bank.
The open-ended special AIF “Warburg-HIH Immobilien Selektiv” lets institutional investors commit themselves in selected real estate funds of leading investment managers with equity stakes of 500,000 euros or more.
“We have a new product that lets you achieve a high level of diversification while employing a comparatively small amount of capital,” said Mirco Himmel, Deputy Head of Asset Management Market at the M.M.Warburg & CO bank.
“The investors we have in mind, for instance in the endowments segment and savings banks, are specifically those who wish to cover their entire real estate ratio in a single product but achieve the best possible spread at the same time.”
The strategic investment focus of the fund will be on Germany and there on the use types office, retail, logistics and residential. In addition, the fund strategy will permit investments in European core countries with a sustained positive economic performance—eligible countries currently including France, the Benelux countries and Austria.
“Our objective is to set up a broadly diversified real estate fund with the risks profile Core/Core+ and an annual dividend yield of 3.5 to 4.0 percent,” said Christian Kramp, Head of MultiManager Business at Warburg-HIH Invest.