Investment fund MEREP

Key FeaturesMitiska European Real Estate Partners 3 ("MEREP 3")
Investment objectiveConvenience real estate, including food-anchored retail parks, multi-let light industrial and urban logistics
Geographical focusEU, plus the UK, Norway and Switzerland
Total return targetNet IRR of 12-15%, distribution yield of c3%
Fund structureLimited partnership under Belgian law
Fund typeClosed-ended fund
Fund managerMitiska REIM
Term 10 years (+1+1)
LeverageTarget of 50-60% LTV, cap at 75%
Vintage year2022
Total commitmentsTarget €300,000,000+