Heitman has closed its fourth value-added European fund on €505 million.
Heitman European Property Partners IV held a first close last September with €380 million of commitments. The fund has a three year investment period.
The Chicago-based firm said in a statement the fund would target retail, residential, offices and logistics across Central and Eastern Europe. Heitman said, with leverage, it expects to be able to deploy up to €1.3 billion.
“Today’s challenging property market conditions throughout the world make this an attractive climate for investment,” said Heitman managing director Gordon Black.
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