Pictet Alternative Advisors (PAA) has launched Pictet Real Estate Capital - Elevation fund I SCSp (Elevation I) for professional investors. Elevation I will invest in direct property assets in smart and gateway European cities. Such cities are at the forefront of economic digitalisation and enjoy favourable demographics from strong urbanisation trends. Elevation I will follow a value-add investment and management strategy. The fund will be managed by a 14-person team under Zsolt Kohalmi, global head of Real Estate and co-CEO of PAA. Previously at Starwood Capital, he has more than 20...
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