Norwich Union’s European Property Fund has bought €140m (£95m) of property, taking the value of its portfolio over the €400m mark.
The fund, launched in February this year, has bought four properties; a 46,931 sq ft office in Paris; a 134,550 office in Amsterdam; a 75,348 sq ft office in Madrid; and a 87,856 sq ft office in Mannheim.
Julian Taylor, fund manager of the European Property Fund said: ‘One of the challenges facing funds like ours is to keep up with the investment inflows. However, we have managed this very well, particularly as the inflows have been even larger than anticipated.
‘Having completed over €200 million of deals in less than six months and with a further €200 million currently in exclusive due diligence, we’re confident that we can continue to keep up with the great demand that this fund is generating.’