CGS sets up first US property spezialfond

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GERMANY/US - Commerz Grundbesitz-Spezialfonds (CGS) is to set up a US real estate spezialfond targeting pension funds.

The fund, which will be managed and advised by US-based Principal Real Estate Investors, part of Principal Global Investors, is expected to open to investors early next year. The initial target is ...

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