In 2008 Northam’s senior management decided to amplify its corporate strategy by further building upon its unique combination of excellent expertise in the Canadian commercial real estate market and access to international capital, especially in Europe.
Having built a solid track record under its own brand and as the real estate investment advisor for high-net-worth individuals, both for MPC Capital AG and Union Investment Group (retail investor basis), the idea of setting up a new product line targeting European institutional real estate investors was born. Consequently Northam founded ‘Northam Property Funds Management S.á r.l.’ which has its office and staff in the financial center of Luxembourg to market, manage and service the new product line. In Germany the new product line is supplemented by a subsidiary based in Frankfurt am Main serving as a feeder entity.
The Luxembourg umbrella fund (FCP-FIS) is comprised of two sub-funds 'Northam Canadian Commercial Property Fund' and 'Northam Canadian Commercial Property Fund II' which target core/core+ commercial properties in Canada's major cities yielding stable income and capital appreciation for its international investor base.