- Fund: Empira Residential Invest
- Amount raised: €1.3 billion
- Target size: €400 million
- Stage of fundraising: Final close
- Final close date: December 2021
The vehicle was met with very high investor demand. As a result, the planned fund target at inception was significantly exceeded. Around €600 million has already been invested in the construction of 1,400 rental apartments. In the coming months, the fund will be fully invested. Empira Residential Invest follows a develop-and-hold strategy and invests in residential developments that are subsequently held in the fund’s portfolio. The focus of these investments is on the top seven cities in Germany.
Empira has already launched a follow-up product. Total investments in Empira Residential Invest II (ERI 2) are projected to amount to €1.5 billion. ERI 2 also invests in selected residential real estate developments in Germany’s major cities akin to its predecessor.