Savills Investment Management’s real estate debt arm has raised an initial €200m for its new pan-European whole-loan fund.
DRC Savills Investment Management (DRC SIM) said the capital commitments for the Pan-European Whole Loan Fund have been secured from seven institutional investors from North America, Europe and Asia.
The fund – which will provide loans to top-tier sponsors for real estate acquisitions and capital expenditure in Europe – has already committed to two loans, and expects to deploy a “significant portion of the initial capital” by the end of the year.
Dale Lattanzio, managing partner at DRC Savills IM, said: “We are pleased to see strong institutional interest in our Pan-European Whole Loan Fund, reflecting the continued demand for tailored financing solutions across Europe. In the current market, many traditional lenders are unable to meet the needs of sponsors seeking to enhance real estate through capital expenditure.
“Our long track record and the ongoing supply-demand imbalance position us to deliver strong, risk-adjusted returns for our investors. We remain confident in the fund’s ability to meet its objectives and support key lending opportunities in the months ahead.”
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