NCB Capital, the leading provider of wealth management and investment services in Saudi Arabia, has announced the launch of its Pan European Real Estate Fund with more than $150 million raised through a private placement, said a report.

The Kingdom’s largest asset manager, NCB Capital has partnered with Fidelity International, a leading global asset manager, to invest in commercial properties, including office, retail, logistics/industrial and mixed use, located in key European property markets including France, Germany, Benelux and the United Kingdom, reported Arab News.

Favorable currency conversion rates, robust legal and regulatory environments, coupled with consistent growth expectations of the core European economies make this an opportune time to invest in a solid real estate market, it added.