AEW Europe - Core
For clients with core investment objectives, AEW Europe offers commingled funds, separately managed accounts and club deals. The core investment strategies seek to provide investors with an attractive total return, with an emphasis on steady generation of income. Core strategies target operating assets that are fully stabilized or close to stabilization in the primary property types (office, logistics, retail, multifamily) in major European metropolitan markets. AEW Europe currently manages a number of core commingled funds.
Logistis was created in 2011 through the merger of AEW Europe's three previous logistics funds. AEW Europe's Logistis platform was created in 1999 with the launch of Logistis I, followed in 2001 by Logistis II and in 2003 by Logistis III. The funds were merged at the end of 2011 to create a €1bn pan-European logistics platform and positioned to take advantage of continued consolidation within the sector. The fund has a core investment profile and total equity commitments of €513mn.
Euroffice was launched in 2004 as a close ended pan-European core office fund. The fund raised total equity commitments of €350mn which were invested in 12 assets representing a total investment volume of €720mn. The fund's portfolio comprises Grade A office buildings with a high level of environmental certification located predominantly in core markets in France, Germany and the Netherlands.
Fondis was launched in 2001 with an investment strategy focused on small to medium sized retail assets located in France. During 2011 the fund was extended for a further 10 year life with the existing investors committing additional capital to further grow the fund's portfolio. The fund is targeting additional core and value add retail investments in all the major French markets. The fund currently has an additional €176mn of equity commitments to invest.
Prime Real Estate Fund
Focusing on current high income assets in France, PREF was launched as a core-plus fund in 2004. Total equity was €48mn and the fund operated with a buying power of €119mn, targeting secure assets in logistics, office, and retail on medium-term holding strategy.
Fonciere Ecureuil I & II
Fonciere Ecureuil I & II were established as collective investment vehicles targeted at French institutional investors. The vehicles raised a total of €377mn of equity to invest in core real estate in France and the Eurozone. The funds have invested in a diversified portfolio of office, retail and logistics assets.