Amsterdam-based Delta Lloyd Asset Management has raised EUR 96mln of equity from institutional investors for its non-listed Dutch REIT, Delta Lloyd Dutch Property Fund. The investment vehicle targets residential, office and retail properties and has an initial portfolio of EUR 280mln. The fund manager expects the fund to increase to a size of EUR 500mln by 2010. Kempen & Co advised Delta Lloyd on this transaction.
Private asset management company Kryalos has completed the acquisition of a light industrial property in Rome, through its Mars fund.
