GLL Real Estate Selects CACEIS As Depositary

GLL Real Estate Partners, a Munich-based real estate fund management company, has appointed CACEIS as depositary to its most recent alternative investment fund (AIF). GLL invests primarily in commercial real estate in Europe and in the United States.

Key to the selection of a depositary was the ability to provide a unified cross-border depositary offer. CACEIS will also ensure that the fund fully complies with the Alternatives Investment Fund Managers Directive (AIFMD) and the KAGB regulations.

Rainer Goebel, founder and managing director of GLL Real Estate Partners said, “CACEIS offers us a high quality range of services through two very important locations—Luxembourg and Germany. The quality of its depositary services, and extensive experience in servicing real estate funds, is a direct result of the group’s many years of experience operating in these markets.”