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ALTAREA COGEDIM RAISES €600 MILLION FOR ITS OFFICE PROPERTY INVESTMENT VEHICLE

25 November 2011
Altarea Cogedim announces the final closing of its office property investment vehicle. Following an initial closing of €350 million in March 2011, AltaFund reached €600 million in total equity commitments. AltaFund brings together top-tier French and international institutional investor partners including, inter alia, pension funds and sovereign wealth funds from the Pacific area.

AltaFund will eventually have discretionary investment capacity of over €1.2 billion including leverage, making it one of the largest dedicated office property funds in the Paris region. It will acquire land or existing office assets to be repositioned and will apply its know-how in creating core assets of high quality and meeting high environmental standards, with the aim of selling them in the medium term.

Altarea Cogedim Entreprise has committed €100 million in the fund and is also the general partner.
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Altarea Cogedim