The ECE Funds

ECE Real Estate Partners G.m.b.H. is the ECE Group’s institutional fund management platform. It is a sister company of ECE Projektmanagement G.m.b.H. & Co. KG and is also completely owned by the Otto family.

Together with its Luxembourg-based subsidiary ECE Real Estate Partners S.à r.l. it is engaged in the management of the “ECE European Prime Shopping Centre Funds”. These administer equity commitments of 1.6 billion euros, raised from globally leading institutional investors, such as international sovereign wealth funds, pension funds and insurance companies.

Existing shopping centers with value creation potential

The ECE Funds focus on the acquisition of existing shopping centers with value-add potential which is realized through extension or re-positioning of the center or optimization of the branch and tenant mix.

For ECE Fund I, a portfolio of 12 shopping centers with an aggregate value of more than 2 billion euros has been set up since 2011. The Fund is fully invested. For ECE’s second Fund, which has a similar focus and strategy, Zielone Arkady, developed by ECE in the Polish city of Bydgoszcz, has been secured as first project and seed asset. Fund II has a target hard cap of 850 million euros, which will allow a leveraged investment volume of more than 2 billion euros. The investment phase for Fund II runs until 2018.

ECE Real Estate Partners S.à r.l. was among the first real estate investment managers to be licensed by the Luxembourg Financial Regulatory Authorities as an alternative investment manager. This authorization proves that the company complies with the AIFM regulations (Alternative Investment Fund Managers Directive) that the European Union introduced after the financial crisis as a method of supervision of open and closed-ended real estate investment funds.

Portfolio overview – ECE Funds I

Portfolio overview – ECE Funds II