News: ECE to invest €350m in European residential assets

19/09/2022

Press Release - ECE has launched its inaugural European residential real estate fund and successfully raised equity commitments from renowned institutional investors, including two large highly reputable German insurance groups. With the capital raised in the first closing, the fund plans the purchase of investments with a volume of more than 350 million euros.

Further capital commitments from institutional investors will be raised in the coming months. The strategic partner for the residential build-to-rent investments of institutional investors in the newly launched fund is the specialized Group company ECE Living. It is supported in concept and product design as well as in capital raising by the investment banking boutique Victoria Partners.

The "ECE Better Living Europe Fund" invests in newly built residential quarters in attractive locations in European metropolises which are specially designed for tenants' needs ("Build-to-Rent" properties): modern rental apartments, especially tailored to the target group "Urban Professionals", with tailor-made facilities, attractive common areas and efficient floor plans as well as sustainable architecture and construction.

In a first step, the fund portfolio will comprise two build-to-rent properties in Leeds and Manchester with a total of 974 residential units that are already fully let and well established in the market. Further expansion of the portfolio through acquisitions of properties in various major European cities is already in the pipeline.