Dutch property investor United Development Company (UDC) said on Thursday that it has launched a $1bn (EUR 628mln) investment and development fund to invest in the US retail property market. UDC was set up by Ton van Dam, the former co-founder of Dutch property firm Multi Development. UDC said it has already signed deals on 14 projects worth $40mln for the new fund.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
