UBS Asset Management (UBS AM) is financing a fibre-to-home rollout project in Germany.
The manager said its Real Estate and Private Markets (REPM) unit’s infrastructure debt platform has invested as part of a €73m financing of TNG, the German network provider owned by Intermediate Capital.
The debt will support the TNG’s rollout of fast fibre-to-home networks with the objective to cover over 200,000 households.
Alessandro Merlo, the head of infrastructure debt investment at UBS AM REPM, said: “This transaction represents an exciting new investment in the digital infrastructure space, a sector which constitutes an important pillar of our investment portfolio and strategy.”
To date, UBS AM REPM has invested over €1.5bn across 27 European mid-market infrastructure projects.
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