US property company Divco West Properties is preparing to raise a fund of around $600m to invest in internet-related property, the first such vehicle for the sector.
San Jose-based Divco is a heavy investor and developer in the Bay Area of San Francisco – a popular choice for internet and IT-related firms.
If the company is successful, it is likely to expand the concept to Europe via property markets such as London and Amsterdam.
Equity in the fund is expected to reach around $300m. Likely investors are venture capitalists.
