F&C REIT Germany, based in Munich, has announced the first closing of its Best Value Germany 1 fund on 30 November 2010 with an initial commitment of EUR 120 mln. The fund has a target investment volume of EUR 300 mln and will invest in prime properties in medium-sized and large German cities, with a focus on retail properties and the supplementary inclusion of office properties.
Private real estate holding Global Holdings Group has acquired mixed-use asset 10 Great Pulteney Street from fashion retailer Boohoo.
