Ventures 2 launched in 2002 for UK institutional investors. The closed end fund invested in value added strategies in the UK, including asset repositioning, development, asset management and planning gain. The fund’s portfolio had a book cost of £341 million.
James Petit, Head of RREEF Real Estate, UK, said, “We are pleased that Ventures 2 has been such a success for our investors despite its final years coinciding with the most challenging property market on record. We believe this success underscores RREEF Real Estate’s depth of experience in the UK property markets.”
RREEF Real Estate manages over £3.9 billion in the UK on behalf of clients from the UK and around the world.
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RREEF Real Estate is the real estate investment business of Deutsche Asset Management. During the past 40 years, RREEF Real Estate has built a leading real estate investing business, with nearly 600 professionals located in 22 cities around the world and $61.8/€42.6 billion in assets under management as of June 30, 2011. RREEF Real Estate employs a disciplined investment approach and offers a diverse range of strategies and solutions across the risk/return and geographic spectrums, including core and value-added real estate, real estate and infrastructure securities, real estate debt and opportunistic real estate. RREEF Real Estate aims to deliver superior long-term risk adjusted returns, preservation of capital and diversification to its investors, which include governments, corporations, insurance companies, endowments, and retirement plans worldwide. To learn more about RREEF Real Estate, go to www.rreef.com.