X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(For more retail coverage, click GlobeSt.com/RETAIL, and to read more on the debt and equity markets, click here.)

LONDON-Subsidiaries of Taurus Investment and Anglo Irish Bank have closed their euro 341-million ($433-million) Taurus Euro Retail Fund. The fund is capitalized with traditional senior financing provided by Anglo Irish Bank and more than euro 100 million ($127 million) of institutional and private equity from sources in the United States, Ireland, United Kingdom, the Netherlands and Israel.

The fund has closed on its first 47 transactions topping euro 260 million ($330 million). Taurus and Anglo Irish expect that the fund will be fully placed by the Fall of 2006. The portfolio consists primarily of newly constructed, fully-leased, food-oriented retail assets located throughout Germany. The average anchor-lease term across the portfolio exceeds 12 years. Significant representative credits include Rewe, Edeka, Metro and Tengelmann. Taurus and Anglo Irish together have acquired more than euro 500 million ($635 million) of European retail products over the past 15 months.

Taurus was founded in 1976 in Munich and launched US business operations three years later. It now is owner/operator of more than 10 million sf of real estate worldwide. Since its inception, Taurus has purchased and sold more than 20 million sf of office, industrial, retail, residential and hotel assets.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.