
The very first sub-fund established under The Endurance Real Estate Fund umbrella, the Office Sub-fund, has been fully and succesfully invested. That's why the Fund Manager has decided to launch another fund, the Office II Sub-fund. It is focused on the acquisition, co-development, management and disposal of office properties located in Central Europe.
The Sub-fund is structured as a regulated Luxembourg Fonds Commun de Placement with RBC Dexia Investor Services as the custodian bank.
The fund focuses on the co-development of new properties and additional acquisition of existing assets showing repositioning potential located in the Central and Eastern Europe.
Assumed target IRR is 14% and the target equity is approximately 200 million EUR.
| Foundation | December 2007 |
| Fund term | 7 years + option for extending |
| Target capital | 200 million EUR |
| Target IRR | 14%+ |
| Average LTV | 65% |
| Geographical focus | Central and Eastern Europe |