The German arm of Stockholm-based Catella Real Estate and Swiss private bank Sarasin are jointly launching a €500 million green fund, PropertyEU reports. The Sarasin Sustainable Properties - European Cities fund aims to achieve a return of 5.0- 5.5% annually. The vehicle will initially focus on Germany, France and the Nordic states. The fund’s management will invest primarily in office and commercial properties and up to 25% in residential.
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