Key Takeaways
- • Quaero Capital has announced the first closing of Foncière Quaero II, its third real estate fund, with €19m raised from leading institutional investors against a €125m equity target.
- • The fund targets total investments of up to €250m, structured as an SLP and classified as Article 8 under SFDR, with ISR labelling.
- • Quaero Capital manages over €300m in real estate assets within a group overseeing €3.8bn in AUM.
- • The strategy is a value-added "brown-to-green" approach to repositioning small- to mid-sized commercial buildings in Paris and major regional city centres.
- • A first investment is secured in Paris's 10th arrondissement, a 1,500 sqm building to be redeveloped into high-end offices, with further deals under exclusivity.
Summary
Quaero Capital has announced the first closing of Foncière Quaero II, its third real estate fund, raising €19m from leading institutional investors, according to the firm's announcement as reported by RankiaPro. The fund targets €125m in equity, enabling total investments of up to €250m. The firm cited the success of its two previous real estate vehicles, FONCIERE QUAERO I (€100m) and EDUCATIO (€200m), as the foundation for the new vehicle.
The fund is structured as an SLP, classified as Article 8 under the EU Sustainable Finance Disclosure Regulation (SFDR), and carries an ISR label. It continues Quaero Capital's value-added real estate strategy. The firm currently manages over €300m in real estate assets within a broader group overseeing €3.8bn in assets under management.
The investment strategy targets commercial real estate in city centres in Paris and major regional metropolitan areas. The objective is to restructure and reposition assets to improve their attractiveness, functionality and environmental performance. The fund will prioritise transforming existing buildings into prime assets, focusing on small- to mid-sized properties and adapting each building's use across offices, managed residential, hospitality and education real estate. The approach is described as a "brown-to-green" strategy aimed at the highest environmental standards.
A first investment has been secured in Paris's 10th arrondissement: a 1,500 sqm building previously used as offices and fashion workshops, which will be fully redeveloped into high-end office space. Additional opportunities are under exclusivity in Paris and in regional cities.
The fund is supported by a team of 16 professionals, including six real estate investment specialists and three ESG experts. The team covers the full value creation cycle, from acquisition through sustainable asset transformation. Quaero Capital characterised the first close as confirmation of continued confidence from major institutional investors.
The fund is structured as an SLP, classified as Article 8 under the EU Sustainable Finance Disclosure Regulation (SFDR), and carries an ISR label. It continues Quaero Capital's value-added real estate strategy. The firm currently manages over €300m in real estate assets within a broader group overseeing €3.8bn in assets under management.
The investment strategy targets commercial real estate in city centres in Paris and major regional metropolitan areas. The objective is to restructure and reposition assets to improve their attractiveness, functionality and environmental performance. The fund will prioritise transforming existing buildings into prime assets, focusing on small- to mid-sized properties and adapting each building's use across offices, managed residential, hospitality and education real estate. The approach is described as a "brown-to-green" strategy aimed at the highest environmental standards.
A first investment has been secured in Paris's 10th arrondissement: a 1,500 sqm building previously used as offices and fashion workshops, which will be fully redeveloped into high-end office space. Additional opportunities are under exclusivity in Paris and in regional cities.
The fund is supported by a team of 16 professionals, including six real estate investment specialists and three ESG experts. The team covers the full value creation cycle, from acquisition through sustainable asset transformation. Quaero Capital characterised the first close as confirmation of continued confidence from major institutional investors.
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