This morning an additional capital contribution of EUR 12.5 million was signed at the offices of notary Ghesquiere from Ieper. The available capital for Ulvenhout Retail Invest Fund now amounts to EUR 40 million.
This capital contribution is part of Ulvenhout Retail Invest Fund’s business plan to create a portfolio of EUR 180 million in E-commerce resistant real estate by 2019, which will generate recurring rental income of more than EUR 10 million annually. A number of capital increases are planned in the autumn of 2017, 2018 and 2019. For example, the fund is on track to convert into a listed Regulated Real Estate Company in 2020. A number of exploratory talks with investment banks are already underway for this.
In the coming months, this additional capital will be invested in a number of identified projects that fit into Ulvenhout Retail Invest Fund’s investment strategy. In particular, the ‘Food’ pillar, which forms the basis of the investment portfolio, will be strengthened with this. This capital will be used to purchase approximately EUR 40 million in E-commerce resistant real estate, which will increase the total annual rental income by approximately EUR 2.5 million to approximately EUR 8.5 million by the end of 2017. More information will follow in the news section of this site.
For more information about Ulvenhout Retail Invest Fund, contact us here.