Luxembourg-based fund manager AviaRent has announced plans to launch a residential fund with an investment volume of EUR 200 mln.
Luxembourg-based fund manager AviaRent has announced plans to launch a residential fund with an investment volume of EUR 200 mln.
In a statement on Thursday, the company said that it is teaming up with Hamburg-based Bon Immobilien to launch WohnWerte I, a Sicav-Fis institutional vehicle which will be targeting apartments in Germany's five largest cities. Bon Immobilien will be the asset manager.
The vehicle will be active from the beginning of 2013.
'We project that the demographic trend towards urbanisation will become even stronger,' said Dan-David Golla, managing partner at AviaRent.
