12/09 10/09 04/09 01/09
December 2009 | Dutch fund - DERECO in joint venture with the Dutch
Europan Real Estate Fund (EREF B.V.)

DERECO in Cologne has founded a company for buying Dutch real estate in a joint
venture with the Dutch Europan Real Estate Fund (EREF B.V.) in Bilthoven. The objective of the
company is to organise the exclusive purchase of Dutch real estate for closed public funds on
behalf of German issuing houses. Also, the possibility of initiating a closed fund of their own is
currently being scrutinised. Apart from purchasing and selecting properties and the research
services connected with this, the company organises the legal, tax-related and technical
investigation as well as the acquisition of external financing. At present, apart from market
conditions, the company is analysing suitable properties in the Netherlands for a German
issuing house. The first fund is already expected to close at the beginning of 2010.


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