Under the guidance of Nico Tates, Prelios is preparing to launch a German fund business. The first planned product will focus on retail properties. Prelios has been established as a fund manager in Italy for many years, handling real estate assets worth of €3.6bn in 26 funds. The company’s first German product could be launched this year in Luxembourg and would be called Prelios German Retail Property Fund. It intends to invest in German shopping centers and retail warehouses. Investor discussions are still ongoing, but it’s expected the fund will reach about €280m.
