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La Française Forum Real Estate Partners and Realm team-up to launch UK Shopping Centre Fund



La Française Forum Real Estate Partners (LFF Real Estate Partners), the European direct real estate arm of the La Française – Forum platform, and specialist retail asset manager, Realm, have today announced that they have agreed terms to launch a new UK Shopping Centre Fund.

The Fund is targeted to reach £400 to £500m of assets over a 3-year investment period and will target core-plus assets with a lot size of £35 to £100m. The Fund aims to capitalise on the changing face of retailing by applying proven specialist retail knowledge and skills to create value.

This will be LFF Real Estate Partners' second retail fund. The firm currently co-manages the Pan European Retail Fund (“PURetail”), a joint venture with Aberdeen Asset Management in continental Europe, with total equity commitments of €160m from five institutional investors. PURetail invests in
urban (high street) retail and has assets across its three target markets of Germany, France and Sweden.

Realm currently manages over 2.5m sq ft of retail and leisure assets in the UK for mainly institutional investors. It provides a complete property and asset management service, including dedicated inhouse leasing and marketing, tailored to the needs of retailers.

David Rendall, Chief Executive, LFF Real Estate Partners, said, “We are delighted to have teamed-up with Realm to develop a product at what we believe is an exciting time in the retail sector. Shopping centres require specialist management and our product is designed to provide investors with exposure to a segment of the market on which it is difficult to capitalize without these skills.”

Colin Brooks, Managing Director, Realm, said, "LFF Real Estate Partners' skill and experience as a fiduciary manager together with Realm's progressive approach to retail asset management gives this team a unique and complementary set of skills which we are confident will deliver outperformance for
investors. We are very excited to be working with LFF Real Estate Partners on this fund and expect it to be the first of a number of similar ventures.”

24/09/2014


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