UBS Global Asset Management is looking to roll out a new €300 million to €350 million property fund, PropertyEU reports. The European Mega Core Property Fund is eying German and Austrian logistics real estate and aims to return 7 percent cash on cash.
The asset manager is seeking to raise up to €180 million of equity for the fund which, with leverage, is expected to provide €350 million in spending power. The new fund succeeds the fully invested UBS German Logistics Fund I, floated in 2004.
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