New 660m Euro Fund To Invest In Undervalued European Property

British investment company Laxey Partners will set up a new fund, Terra Catalyst, which will invest in “undervalued” companies and property funds across Europe, company officials said in an interview with investor.bg.

The new fund has raised about 160 million euro from institutional investors and will be listed on the alternative investment market (AIM) of the London Stock Exchange.

The new entity will draw a loan from Credit Suisse to increase its investment volume to 660 million euro. It is intent on pouring most of its capital within six months after going public. The company’s executives did not specify whether the investment scope of the fund would embrace Central and East Europe.

Terra Catalyst is the latest fund set up to benefit from the sudden slump in the share prices of public real estate. Real estate developer Parkridge also plans to set up a fund with a capital of 1.327 billion euro specialising in acquiring undervalued commercial properties in the UK, the Financial Times reported.