Orion Capital Managers has completed the €1.3bn (£1.07bn) close of its fourth European real estate fund.
The follow-on fund, Orion European Real Estate Fund IV, will invest in the full spectrum of real estate assets, loans, portfolios, or real estate companies across Europe.
The group, founded by Aref Lahham, Van Stults, and Bruce Bossom, has invested €1.1bn in Europe through its third fund over the past three years.
It has bought office and residential developments as well as a 50% stake in the 2m sq ft Puerto Venecia retail complex in Zaragoza, Spain from British Land to take full ownership of the scheme.
Van Stults said, “We are delighted that new and existing investors from around the world have shown their continued commitment to Orion and as a result Orion Fund IV has closed fully subscribed.
“The fund is a continuum of Orion’s investment activities across Europe post financial crisis. We are seeing a wide range of opportunities and have projects identified to close soon for Fund IV.”
bridget.o’connell@estatesgazette.com
