AEW holds RESIDYS final close at EUR370m

AEW has completed the final close of RESIDYS, a fund targeting residential real estate assets in France, with a focus on the Paris region at circa EUR370 million, increasing its total investment capacity to over EUR600 million.

Since its launch in 2017, the fund has completed 15 acquisitions, mainly across Paris, representing almost half of the Fund’s total investment capacity. With a strong pipeline of potential investment opportunities, the new equity will enable AEW to maintain momentum in implementing the fund strategy and take further advantage of the positive fundamentals driving the French residential real estate market.
Stephane Sebban, Fund Manager of RESIDYS at AEW, says: “The successful completion of this final close, including commitments from new international investors, reflects the strong appetite for this asset class. We have more than 20 years of experience of investing in French residential assets and RESIDYS is our first fund dedicated to this asset class. The launch of the strategy was based on in depth research and analysis of major demographic trends as well as the opportunities offered by the Grand Paris infrastructure project. Our focus will continue to be on sourcing high quality investment opportunities to complete the portfolio and ultimately to deliver attractive returns to our investors.”

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