Doric, Notenstein Privatbank and Quadoro launch joint open-ended special AIF for real estate

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By TESTCustomwebLP TESTCustomwebLP September 25, 2014 21:26

Doric, Notenstein Privatbank and Quadoro launch joint open-ended special AIF for real estate

Doric Investment GmbH and Notenstein Privatbank AG, a subsidiary of Raiffeisen Schweiz, are launching their first joint open-ended special AIF for real estate. The fund – Notenstein Sustainable Real Estate Europe – complies with recently enacted German legislation regarding capital investments. Syndication of the fund is to commence on 29th September 2014.

The fund‘s target equity volume is €500 million. Distributions from rental income are expected to lie at between 4 and 4.5% per year. Notenstein Sustainable Real Estate Europe is one of the first German special AIFs for real estate structured according to new legislation with strict requirements regarding the transparency of fee structures.
Michael Denk, Managing Director of Doric Investment GmbH, commented “We are delighted to work with Notenstein Privatbank AG, a first-class sustainability advisor and distribution partner.”

Aris Prepoudis, Head of Institutional Clients at Notenstein Privatbank AG added “Notenstein Sustainable Real Estate Europe combines Notenstein‘s sustainability know-how with Doric and Quadoro‘s network and experience – to the benefit of the investor.

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By TESTCustomwebLP TESTCustomwebLP September 25, 2014 21:26