Launched in 2005, Mengus 2005 was a fund that focused on commercial real estate in the Stockholm area. The fund had SEK 660 million in commitments from institutional investors and has now divested all its property holdings.
The fund invested in partly vacant office property with a potential for value enhancement through active refurbishment and leasing efforts. To enhance the expected returns, property investments were held on a leveraged basis.
The fund maintained a value-added, risk-return profile and was positioned in the segment between institutional core investors and highly leveraged opportunistic funds.