Specialist real estate asset manager QSix Real Estate Finance (QSix REF) has announced plans to deploy £300 mln (€350 mln) of capital over the next 12 months into commercial real estate lending opportunities.
This follows the successful agreement of a new commercial real estate (CRE) financing mandate with a global alternative investment firm, providing access to a new pool of capital which will be deployed into whole loans between £20 mln and £75 mln across the UK and the Netherlands.
According to the firm, this will materially increase QSix’s lending capacity and its ability to provide larger loans.
QSix has made its first loan under the new mandate, recently financing Oaktree Capital Management-backed Lifestory with a £24 mln residential inventory loan, and has a significant pipeline across both the UK and the Netherlands.
QSix has now committed £300 mln into the whole loan market since the platform’s launch in 2017.
Gareth Williams, head of QSix REF, said: 'We are delighted to complete this fund raising and thrilled to be able to expand our ability to provide capital across our target jurisdictions.
'Reaching £300 mln of capital deployed since launch is a real testament to the hard work and skill of our team.
'With this new mandate we will be materially expanding our capacity to write more sizeable transactions whilst retaining our speciality in the mid-market, which we feel is underserved.'
