The FGPO Ireland Fund (the “Fund”) was authorised by the Central Bank of Ireland in December 2015.
The investment objective of the Fund is to aim to deliver the expected rate of returns to investors through a mixture of property income and capital gains via investment in a mixed portfolio of predominantly industrial, logistics and business park properties. The objective is consistent with Fine Grain Property’s strategy of creating tailored workplace communities for clients across Ireland.
Fundraising closed in April 2017 with total equity subscriptions of €51.7 million, including a €25.0 million subscription from Ireland’s sovereign development fund, the Ireland Strategic Investment Fund.
Fine Grain Property, an Irish owned business park operator and investor, is the investment advisor to the Fund, with Davy Investment Fund Services acting as AIFM.
The Fund is a sub-fund of the Majulah ICAV, an umbrella fund with segregated liabilities between sub-funds, regulated under the Alternative Investment Fund Managers Directive (“AIFMD”) of the European Union.