PIE Events
- German Property Breakfast
14 February 2012
Stockholm
- Distressed Property Breakfast
22 February 2012
London
- Central and Eastern Europe Real Estate Conference
03-04 May 2012
Vienna, Austria
Germany real estate contribution fund launched to pool assets
The privately held Garbe Group and corporate finance group CB Equity Partners have launched a new real estate 'contribution fund' investment fund in which assets are swapped for units in the fund. The vehicle will be Luxembourg domiciled and managed by Hamburg-based 1st Red, a subsidiary of Garbe, in conjunction with CB. The idea revives the roll-up concept first applied in the US during the savings and loan crisis which allowed investors who otherwise had difficulty to exit single assets to target, in conjunction with others, an alternative forum for institutional funds, especially pension funds, and insurance companies.