Yoo Capital raises £200m for London centric property fund

Yoo Capital Investment Management (Yoo Capital), has confirmed the first close of its second fund. The firm now has access to £200 million in new capital to deploy.

With a fund raising target of £400m, Yoo Capital Fund II (HCFII) is the first in a series of funds launched in partnership with global institutional investor Astarte Capital Partners. 

The Fund will target mixed-use, leisure, healthcare and life sciences real estate assets, predominantly in Central London. Yoo Capital Management has so far invested in $2.0 billion of AUM representing over 2.7 million square feet of development across Greater London which includes the transformation Olympia London into a world-leading cultural destination.

YOO is a global brand of real estate developers and designers founded in 1999 by international property entrepreneur John Hitchcox and celebrated designer Philippe Starck.