Eurohypo, Europe's largest commercial real estate bank, has acted as agent and co-underwriter, on a 50/50 basis with Royal Bank of Scotland, to provide Threadneedle Strategic Property Fund IV - the latest open-ended property fund to be launched by Threadneedle - with a £130 mln (EUR 150 mln) debt facility.
Eurohypo, Europe's largest commercial real estate bank, has acted as agent and co-underwriter, on a 50/50 basis with Royal Bank of Scotland, to provide Threadneedle Strategic Property Fund IV - the latest open-ended property fund to be launched by Threadneedle - with a £130 mln (EUR 150 mln) debt facility.
Eurohypo said the five-year facility would provide the long-established Threadneedle property investment team with the flexibility to pursue UK wide opportunities as part of its 'core-plus' investment strategy. The facility is structured to allow for a period of acquisition activity in which the fund will assemble a diversified investment portfolio.
Established in 1994, Threadneedle has had one of the most successful long-term track records with 80% of its funds ranking in Investment Property Databank's top 10% over the last 10 years.
Dan Smith, Director - Origination Eurohypo, commented: 'This financing reflects Eurohypo’s continuing appetite for new lending in the UK market, through providing facilities tailored to meet the requirements of established and proven partners.´
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