Edmond de Rothschild Real Estate Investment Management (REIM) has raised an initial €250m for two European real estate debt funds.
The manager, backed by a number of international investors, has raised the capital for the European Real Estate Debt Fund and a dedicated fund with a German insurance group. The Real Estate Debt Fund is aiming for a target size of €300m.
The lending strategy for the two debt vehicles will focus on all major and alternative property sectors in the European real estate markets, including Germany, France, Benelux, Nordics, Spain, Italy and the UK, the manager said.
The strategy will focus on providing whole and mezzanine loans as well as preferred equity to investors in the major European markets.
Ralf Kind, the head of real estate debt at Edmond de Rothschild REIM, said: “As an alternative lender we can provide flexible financing solutions for borrowers from a single source in an efficient and timely manner.
”We have a dedicated and experienced international real estate debt team based in Frankfurt and we are not distracted by any legacy, pre-Covid-19, loan book positions. We can, therefore, focus entirely on new deals”.
Christophe Caspar, the global head of asset management at Edmond de Rothschild Group, said: ”We are now in a lenders’ market.
”The case for private real estate debt has become even stronger given the huge lending opportunities at lower risk and higher margins. Credit is a good place to be when markets are going through a correction.”
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