Supermarket venture being initiated by ILG
ILG Real Estate has announced the launch of a new fund, ILG Fund No. 43. This fund is focused on creating a diversified portfolio of supermarkets in Germany.
The primary strategy of the ILG Fund No. 43 involves leasing neighbourhood retail properties with strong anchor tenants in the German food retail sector. The starter portfolio includes properties in Dortmund, Essen, and Altoetting, with two more supermarkets in Lower Saxony and North Rhine-Westphalia in the pipeline.
The new fund is open to both private and semi-professional investors. It is expected that the starter portfolio will cover more than 40% of the planned equity capital.
Until the portfolio is fully built by the end of June 2022, investors can expect to receive a distribution rate of 2.0% annually. Once the portfolio is fully built, the distribution rate will increase to 4.0% annually. From the end of June 2022, the fund aims to distribute 4.0% annually.
The distribution will occur on a monthly basis after the portfolio is fully built. The fund's distribution will be on a monthly basis overall.
It's important to note that, at the time of writing, there are no publicly available, authoritative sources providing current status or detailed information about ILG Fund No. 43. For the most accurate and up-to-date details on this fund, it would be advisable to consult ILG’s official communications, financial announcements, or specialized real estate investment news platforms directly.
The ILG Fund No. 43 is a promising opportunity for investors looking to invest in the German food retail sector and receive regular monthly distributions.
This new fund, ILG Fund No. 43, is not limited to professional investors, as it is open to both private and semi-professional investors who might be interested in the German food retail sector. Additionally, this fund, with a focus on real-estate, will be investing in leasing neighborhood retail properties, which forms a vital part of its financial strategy.
