Copenhagen-based ATP Real Estate said it is looking to deploy EUR 700 mln in fresh real estate acquisitions on the European continent, including Central and Eastern Europe as well as the US after having finalised investments for its first fund.

ATP Real Estate Partners II K/S (ATP REP II) can commit up to EUR 700 mln to private equity real estate funds, joint ventures and club-type investment structures, the company said. The risk profile for ATP REP II is slightly more conservative than ATP REP I and is expected to hold a slightly larger allocation to core real estate. The investment period is three years.

ATP Real Estate Partners was established in 2006 and has since launched ATP Real Estate Partners I, which raised total commitments of approximately EUR 1 bn and is now fully invested.