Empira increases investment volume to 7.1 billion
The investment and asset manager Empira has significantly increased its assets under management in the first nine months of this year. The company intends to tap into new markets abroad.
The Empira Group, headquartered in Zug, Switzerland, reports a growth in assets under management of EUR 1.1 billion to now EUR 7.1 billion for the first nine months of 2022. In 2023, assets under management are expected to increase by a further 2.5 billion, the investment and asset manager announces. Empira invests primarily in residential and office properties.
In order to internationalize its investor base, Empira is expanding: this year, a site was launched in the United Kingdom, with further sites now following in Scandinavia and the United Arab Emirates.
New products in the equity and debt areas
Empira most recently launched the Empira Urban Living fund, which invests in project developments for the new construction of small-scale residential spaces that include smart living concepts and a gastronomy concept. It has secured a seed portfolio with a target volume of more than €500 million for this purpose, the company said.
In terms of debt products, the Empira Real Estate Finance Fund has been launched, which is aimed at institutional investors who wish to invest in senior financing for high-quality existing real estate in Germany and Austria.
The company intends to maintain its develop-and-hold strategy. The real estate group develops high-quality residential properties for its own funds, which are held in the portfolio for the long term after completion and actively managed for institutional investors by the in-house asset management team. According to the company, projects with a volume of EUR 4.3 billion are currently being implemented. (ah)
