Real IS has raised €156m of equity capital in the first quarter of 2013, an increase from the €87m raised in Q1 2012.
About €53m of the amount raised in the first three months of 2013 was for real estate funds for private investors. German institutional investors accounted for €100m of the total amount raised.
The positive fund raising result was explained by the launch of Bayernfonds Deutschland 24 and the Bayernfonds Australien 9.
Real IS is preparing the Bayernfonds Deutschland 25, which invests in a hotel run by Motel One and located in Hamburg. The fund is subject to approval by the German banking authority BaFin and is expected to start trading in May 2013.
“We are positive that we will be able to launch further products for private investors despite upcoming changes on the market,” said Real IS board member Andreas Heibrock.
“We are preparing intensively for the implementation of the AIFM regulation and benefit from the experience we have already gained through the launch of previous real estate special funds,” he added.
