Real estate group Sonae Sierra has partnered with BTG Pactual to invest in real estate credit across the Iberian Peninsula, capitalising on the investment bank’s financial expertise and plan to broaden its presence in the European market.
The pair said the venture will mainly finance income-producing real estate assets, including shopping centres, retail parks and high street properties, as they seek to “capitalise on attractive opportunities in the real estate credit market, responding to the growing demand for innovative financing solutions”.
Sonae Sierra provides real estate solutions, including the creation of tailored investment vehicles, the development and modernisation of sustainable mixed-use urban spaces, a full range of real estate services and the management of an asset portfolio.
Luís Mota Duarte, deputy CEO and executive director of investment management at Sonae Sierra, said: “This partnership combines the expertise of both companies to address the evolving needs of the market.
“It reinforces our strategy of creating innovative solutions for the real estate market and offering added value to our partners and investors.”
BTG Pactual is the largest investment bank in Latin America. Its asset management division operates internationally and manages and administers $166bn (€162bn) in assets.
Rogério Stallone, partner and head of corporate lending at BTG Pactual, said: “The joint venture is an important step to increase our product offering of credit and financial solutions and also reinforce our presence in the Iberian Peninsula.”
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