Corum real estate fund attracts over €300 million in H1

Corum Investments’ real estate investment funds attracted more than €300 million in the first half of 2024. This volume of new entries allowed the French manager to invest in the acquisition of new assets, “taking advantage of the favourable context in terms of prices” according to the assets management company.

Real estate funds Corum Origin, Corum XL and Corum Eurion raised €317 million in the first half of the year, with the Origin fund, the first product marketed by the French manager in the domestic market in 2012, raising 46% of the total, or €146 million. XL received a net subscription volume of €71 million and Eurion – only available to institutional investors – attracted €100 million in the first six months of the year.

“We are attracting more and more savings from investors in the various countries in which we are present, including Portugal,” said the company’s Portugal director Miguel Costa Santos in a statement, noting that these €317 million were invested by a total of 9,654 investors, which brought the overall number of shareholders to more than 140,000.

With minimum investments of €1,135, in the case of Origin, or €195, in the case of XL, Corum’s funds allow monthly reinforcements of €50.

“There is an increasing appetite for non-traditional savings solutions for savers investments. The investments in commercial real estate through Corum meet this demand, with the added value of, offering attractive returns in the current market context” adds the country manager of the firm in Portugal.

Corum said that the volume of new resources allowed seven acquisitions of commercial real estate to be made in the first half of the year, in a total investment of around €377 million. The manager also informs that these investments were made by the manager’s various funds, in various categories of commercial properties, both in offices and commercial spaces, in addition to industrial properties.

The seven acquisitions made during the first six months of this year were distributed across several countries, from Spain to Scotland, including properties in Ireland, Italy and France.

Corum currently has around €8Bn under management and maintains investments in 17 European countries and Canada, with more than 200 properties in its portfolio, 16 of which are in Portugal, leased to more than 400 companies, with a financial occupancy rate of over 96%.