A new EUR 850 mln opportunity fund established by Australian fund manager Valad is poised to begin making acquisitions of multi-let industrial properties in the UK. Paul Oliver, responsible for equity raising at Valad, said the company has had a great fundraising year despite the credit crunch. The new fund VOF UK 2 is an opportunity fund seeking an internal rate of return of 20%. ‘We are seeing some fantastic opportunities in the UK right now,’ Oliver said. The properties for the fund are being sourced by a team led by Valad’s Didier Tandy.
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