Astarte Capital Partners has launched a £400m fund aimed at acquiring property across Greater London.
The fund is expected to be used to acquire up to 10 properties in the hospitality, entertainment, healthcare and education sectors that either have the opportunity to be redeveloped or repositioned as core assets.
Astarte Special Opportunities Platform, the firm’s discretionary co-investment vehicle, is leading investment for the new fund and providing the model for its structure.
It invests in real estate by forming partnerships with specialist asset operators, providing seed capital for portfolio acquisition alongside third party investors and supplying working capital for the organisation and operation of the partnerships.
Teresa Farmaki, co-founder and partner at Astarte Capital Partners, said: “We strongly believe that this is the right time for institutional capital to be looking at London. Our new platform will give global investors the opportunity to invest in edge of prime, off-market, real estate in London, one of the most attractive markets in the world.”
Stavros Siokos, co-founder and managing partner of Astarte Capital Partners, added: “This is the maiden investment of our award-winning ASOP platform which is structured to enable investors to access more than $2bn of value-add opportunities in the real assets space.”
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