Stam Europe's new investment fund Stam REI III has reached its first closing. The value-added fund has raised equity from 14 investors including UK, Dutch and Irish pension funds and now has a war chest of some EUR 700m, Stam said in a statement issued during MIPIM in Cannes.
Private asset management company Kryalos has completed the acquisition of a light industrial property in Rome, through its Mars fund.
