About This Fund
AEW Europe EUROCORE is an open-ended, pan-European core real estate fund managed by AEW Europe, the Paris-headquartered European affiliate of AEW Capital Management, one of the world's largest real estate investment managers with over USD 85 billion in AUM globally. Launched in 2020 and structured as a Luxembourg SICAV-SIF under SFDR Article 8, the fund held its first close in January 2021 at EUR 410 million, attracting commitments from pension funds, insurers, family offices, and corporates across France, Germany, and Japan. AEW Europe manages approximately EUR 33 billion in European real estate assets across 12 offices.
EUROCORE pursues stable, long-term income returns through a diversified portfolio of institutional-quality assets across the major European markets. The fund targets logistics, residential, and office properties, with emphasis on structural themes such as urbanisation, demographic change, and the rise of new technologies. Investments are predominantly secured off-market in Germany, France, the Netherlands, Italy, Denmark, Austria, and Spain, with ESG integration, GRESB participation, and alignment with the UN Sustainable Development Goals at the core of the mandate.
Since its first close, EUROCORE has grown to approximately EUR 520 million in equity commitments and deployed over EUR 427 million across 11 assets totalling 320,000 square metres. The portfolio includes logistics warehouses, residential complexes, medical office buildings, and life sciences facilities, with notable transactions including last-mile logistics in Italy and a life science campus in Munich. The fund targets a long-term equity base of EUR 2 billion.