Key Takeaways
- • Deutsche Asset Management has raised €120 million ($133 million) in commitments from institutional investors at the anchor close of its European Property Debt Fund II.
- • The fund is the second in the firm's European Property Debt Fund series and will focus primarily on first-ranking whole loans of €25 million to €75 million.
- • The un-levered strategy targets annual cash distributions of 5% to 7% and a net internal rate of return of 6% to 7%.
- • Deutsche Asset Management plans to seek further commitments from institutional investors across Europe, the Middle East and Asia over the next 18 months.
Summary
Deutsche Asset Management has raised €120 million ($133 million) in commitments from institutional investors at the anchor close of its European Property Debt Fund II, according to the primary report. The fund is the second vehicle in the firm's European Property Debt Fund series.
The strategy will focus primarily on first-ranking whole loans ranging from €25 million ($27.71 million) to €75 million ($83.13 million). It targets mid-market real estate investments across Western Europe, including the Benelux region, France, Germany, the Nordic countries, Spain and the United Kingdom.
Target sectors include logistics, residential, student housing and prime office properties. The un-levered strategy aims to generate annual cash distributions of 5% to 7% and a net internal rate of return of 6% to 7%.
Deutsche Asset Management plans to seek additional commitments from institutional investors across Europe, the Middle East and Asia during the next 18 months. The source article is truncated at this point, so further details on the final close target and fund size were not available.
The strategy will focus primarily on first-ranking whole loans ranging from €25 million ($27.71 million) to €75 million ($83.13 million). It targets mid-market real estate investments across Western Europe, including the Benelux region, France, Germany, the Nordic countries, Spain and the United Kingdom.
Target sectors include logistics, residential, student housing and prime office properties. The un-levered strategy aims to generate annual cash distributions of 5% to 7% and a net internal rate of return of 6% to 7%.
Deutsche Asset Management plans to seek additional commitments from institutional investors across Europe, the Middle East and Asia during the next 18 months. The source article is truncated at this point, so further details on the final close target and fund size were not available.
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