Sal Oppenheim's Swiss property investment banking arm has launched the 41P European real estate fund of funds to invest in non-listed European real estate funds and to set up a broadly diversified portfolio of indirectly-held properties. The fund will pursue a conservative investment strategy and is aiming for a total return of 6% to 8% over its 12-year term.
Private asset management company Kryalos has completed the acquisition of a light industrial property in Rome, through its Mars fund.
