Encore+ is a continental European open-ended Fund investing in a diversified portfolio of commercial property across Continental Europe
The Fund was launched in June 2006 and aims to have in excess of €1bn under management. Encore+ is a monthly priced and monthly dealt Luxembourg based FCP. It is subject to monthly independent valuations.
The Fund has raised over €540m of equity commitments (as at 31 January 2010), and has a portfolio of 10 assets (59 buildings) with a gross asset value of €585m across Europe (including Spain, France, Germany, Sweden, Italy and the Netherlands). The Fund has a target loan to value ratio of 50%.
Aviva Investors is the fund manager of Encore+ and LaSalle Investment Management is the asset manager. The Fund is open to new investors.
