The property funds management division of Australia's Multiplex Group said that it had raised A$ 184.45 mln (EUR 116 mln) for its first European real estate fund. The fund's assets are currently all in Germany, although Multiplex Capital had said previously that it would also look for investment opportunities elsewhere in Europe. In a statement on the fund's closing, Multiplex Capital said that its Multiplex European Property Fund had been oversubscribed, but it did not say by how much. Multiplex Property Trust has acquired a 20.15% stake in the fund.
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