Managed Funds

Since 2003, ÆRIUM has launched a series of closed-end property ventures focused on high-quality, income-producing office, retail, industrial and/or mixed-use sector facilities in top tier Eastern European markets. Since its inception, ÆRIUM has launched 12 property funds, from which ÆRIUM Properties I and ÆRIUM Properties III were sold in 2007, generating IRR in excess of 25-30%. Other property funds under management are as follows:

ÆRIUM PROPERTIES II (APII) is a property venture targeting trophy office and retail properties occupying prime location in Paris and Lyon. Launched in March 2004 with €100 million in equity, the Venture has since invested in office and high street retail properties in Paris, its suburbs and Lyon valued at over €450 million. The portfolio includes investment grade tenants such as Boston Consulting Group (BCG), Saudi Arabian Airlines, Ikon, Jean Paul Gaultier, La Poste, Orange, Jones Lang Lasalle, Framatome.

ÆRIUM IV was launched in January 2005.  Within 12 months from its launch, AP4 was fully invested with 60 assets. AP4 is a diversified real estate portfolio composed of retail (shopping centres and high street retail stores), warehouse and office properties in France, Germany, Luxembourg, Belgium and Switzerland. The portfolio is highlighted by long-term leases with high-credit tenants and strong lease covenants such as European Commission, DEXIA bank, CMD, SOGESMA (Groupe RENAULT), COOP, MANOR, C&A, JP Morgan Chase, Ferrero, Dresdner, Allianz, BNP Paribas, PWC, Nomura...

BAINBRIDGE PROPERTIES was launched in 2004 as a single sector multi-country venture. This unique fund is holding a portfolio of hypermarkets and shopping galleries let to Carrefour, Tesco & Coop in Switzerland, Poland, Czech Republic, Slovakia and Turkey. This retail venture acquired in 2005 over €600 million of single tenant stores and shopping centres. The portfolio is currently valued at €660 million.

ÆRIUM OPPORTUNITY I was launched in early 2006 with the objective to provide investors with exposure to European commercial real estate with a goal of achieving regular cash yields and capital appreciation over the life of the fund. Using a 4:1 leverage, the venture has acquired a diversified portfolio of office buildings, shopping centres, high street retail stores and industrial properties leased to investment grade corporations such as EDEKA, KAUFLAND, BNP PARIBAS, ROYAL BANK OF SCOTLAND, EBAY, etc. The portfolio is composed of 38 assets valued at €600 million.

MEIGERHORN I AND II are two property funds targeting exclusively properties in Switzerland. The portfolio worth over CHF 500 million is composed of office, retail parks, logistics, technology parks and land. The funds involved development as well as investments.

GLENN ARROW UK PROPERTY FUND is a core + property fund targeting UK and more precisely London trophy office and retail assets. The fund has a capacity to invest over GBP 600 million.