investment target

The Sub-Fund’s investment objective is to generate attractive risk-adjusted returns by primarily investing, either directly or indirectly through a Subsidiary, in a diversified portfolio of real estate assets qualifying as real assets within the meaning of the ELTIF Regulation (the "Real Estate Assets"). Investments in commercial property or housing should be permitted to the extent that they serve the purpose of contributing to smart, sustainable and inclusive growth or to the Union's energy, regional and cohesion policies. Investments in such immovable property should be clearly documented so as to demonstrate the long-term commitment in the property. Such investments are not intended to be speculative investments. The Sub-Fund is a financial product that promotes ESG characteristics pursuant to Article 8 of the Disclosure Regulation.