Empira’s opportunistic resi and commercial fund hits €840m

Zug, Switzerland-based Empira Group’s open special AIF Empira Opportunities Fund which invests in residential and commercial real estate in the DACH region and US, has now deployed about €840 million. The company said that a return (ITD) of approximately 65% has been achieved.

The portfolio currently includes more than 5,500 residential units, among other assets and its most recent acquisition comprises 180 residential units in US state Ohio.

The fund is broadly diversified and Germany comprises 74% of the portfolio, Austria represents about 9%), and US markets account for about 17%.

Investments include existing properties and developments as well as land which is banked.

“The outlook for real estate investments continues to be favourable,” said Lahcen Knapp, president of Empira Group’s board of directors.  “They offer inflation protection and relative stability in volatile markets.”

He added that residential real estate, in particular, offers attractive risk-adjusted returns and a relatively high degree of income reliability as there is a lack of affordable residential housing in both the US and German-speaking countries of Europe.

In all, Empira Group has assets under management totalling approximately €7 billion