Orco Property Group has raised about EUR 100 mln on the first day of the EXPO REAL property fair in Munich for its Central and Eastern European hospitality fund. In an exclusive interview with PropertyEU, Orco's president and ceo Jean-Francois Ott said the funds were raised from a large Dutch pension fund and a US-based merchant bank. Ott did not name the investors.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
