Edmond de Rothschild REIM, a new entrant in alternative lending, has committed to a refinancing for two projects by Angelo Gordon and APF International.
The firm has made a whole loan to refinance and refurbish two office properties at District West in Amsterdam-Sloterdijk.
Angelo Gordon and APF International acquired a site and the two offices upon it in 2020. The leases are due to expire soon and then a comprehensive redevelopment scheme for a 60,000 m2 will be embarked upon.
Edmond de Rothschild REIM raised more than €270 mln for its pan-European real estate debt strategy across its Real Estate Debt - European High Yield I Sub-Fund and a fund dedicated to a German insurance group, which are both co-investing in the Amsterdam transaction.
The investment strategy is focused on providing whole loan and mezzanine financing, and in selected cases, preferred equity, for investors in the European markets.
Ralf Kind, head of real estate debt, said: ‘After our first mezzanine loan investment in the context of an acquisition of a light-industrial/logistic asset in Berlin recently, this transaction shows the team’s strength in providing a whole loan and capex financing for a value-add strategy in one of Amsterdam’s most thriving office markets.’
Edmond de Rothschild's Real Estate Debt team is part of Edmond de Rothschild's pan-European real estate investment management platform, which has over €12 bn of AUM and more than 120 staff in seven European countries.
Edmond de Rothschild REIM was advised by NautaDutilh N.V.
The Edmond de Rothschild Real Estate Debt – European High Yield I Sub-Fund is a closed-ended fund domiciled in Luxembourg.
