Rockspring Property Investment Managers has launched the seventh fund in its TransEuropean series (TEP VII) with a €100m first close.
The initial equity has been secured from two investors from the UK and the USA who have supported the fund series over its 26-year life. Rockspring, which was acquired by German real estate investment group Patrizia late last year, is targeting a €500m raise, with a number of other investors presently in due diligence.
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