Alicia Villegas
The Swedish asset manager is targeting a 2% net return as it provides longer-term credit across commercial real estate markets in its home country.
The pair’s Senior European Loan Fund II is 80% invested, with full deployment targeted for September.
The sale by Piraeus Bank is the first major property-backed deal in the country amid pressure from the ECB to bring loan portfolios to the market.
The asset manager is aiming to deploy £200m of capital through a UK-focused debt fund.
The real estate investment manager will provide whole loans through its second vehicle focused on the country amid ‘strong interest’ in the market despite Brexit uncertainty.
The strategy will focus on floating-rate loans provided across the eurozone.
The French banking group has joined Europe’s credit fundraising frenzy, writes Alicia Villegas
Christophe Murciani, head of CRE debt funds at the Paris-headquartered firm, sees opportunity in logistics assets and value-add strategies across Europe.
The French asset manager, which is closing in on its first lending deals, will write senior loans on core, core-plus and value-add properties across continental Europe.
In this two-minute audio, Jim Blakemore, the head of GreenOak Real Estate's debt business, explains why he is targeting lending opportunities in continental Europe.