London-based alternative investments fintech S64 has partnered with US-based Invesco Asset Management to broaden access to Invesco’s Real Estate’s European III Fund to the wealth management industry in Europe and Asia.
The new European Real Estate III Feeder Fund will invest in Invesco’s dedicated value-add and opportunistic strategy, Invesco Real Estate Europe III (Europe III).
The new feeder fund will follow Invesco’s focus on enabling high net worth investors to invest in institutional quality real estate targeting high returns through a digital distribution platform built by S64.
The Europe III Fund, which seeks to capitalise on an attractive entry point to fundamental, long-term value creation, recently held its first close at €400m, and is targeting up to €1 billion of investor commitments.
Simon Redman, head of wealth and DC at Invesco Real Estate, said: “In Europe, there is a disconnect between two cycles — the traditional real estate cycle linked to fundamentals, which remains on a sound footing, and the capital markets cycle which is driven by sharply higher interest rates and a lack of liquidity.
“We believe the resulting pricing correction has created a buying opportunity for investors able to see through the short-term noise.”
