NEINVER launched the IRUS European Retail Property Fund as a 10-year closed-end fund in 2007. It is the first retail property investment fund managed by NEINVER, with a strategy focused on acquiring outlet centres and retail-warehouse parks.
From the start, IRUS Fund committed capital of €480 million in equity, fully subscribed as of February 2007 by top-class European institutional investors. The NEINVER Group retained a 20% interest in the Fund.
NEINVER launched the IRUS European Retail Property Fund in 2007
After a 6-year commitment period, the IRUS Fund met the challenge of investing 100% of the committed sums.
In 2016, NEINVER started to prepare the closure of the Fund, which is approaching the end of its term, having far outperformed its initial investment targets.