French listed shopping centre specialist Altarea Cogedim has raised the capital of its corporate real estate fund to €600m.
AltaFund, for which Altarea announced a first closing at €350m in March this year, has announced its final closing and now has an investment capacity of €1.2bn including leverage.
AltaFunds focuses on land and assets in Paris’s Ile-de-France region.
Altarea was advised by Morgan Stanley in the fund placement with private investors.
