AEW Europe Value Investor (EVI) II will ultimately have a total investment of around €1bn with leverage. The predecessor fund raised €410m in 2016. German institutions have backed AEW2s latest European value add property fund to raise €120m at first close.

Carsten Czarnetzki, fund manager of the EVI series, said that the €210.5m raised by the fund will enable the fund to invest about €400m, adding that the fund is expected to hold further closings this year.

Source: IPE

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