Investment manager, UFG-LFP, is planning to launch its first pan-European real estate investment fund of funds, PropertyEU reports. The UFG European Fund of Funds will be open for subscriptions until the end of December 2011. It will have a life term of 7-10 years and will be structured as a Sicav, aiming at returns of over 4%. The fund will have a core/core+ profile and will be targeting French institutional investors seeking exposure to the wider property market. The vehicle is already finalizing the acquisition of its seed portfolio comprising assets in Northern Europe, particularly in Scandinavia, the U.K., Germany and the Netherlands.

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