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PGIM Real Estate European debt platform funds Dutch portfolios

PGIM Real Estate has expanded its European senior loan portfolio with the provision of €161m to finance two portfolios in the Netherlands.

The real estate manager has provided a €56m for the acquisition and refinance of seven logistics assets and €105m to refinance the development of a private rented sector (PRS) portfolio owned by Foolen & Reijs Vastgoedgroep.

The PRS development loan is a co-investment between PGIM Real Estate and ABN Amro, who also arranged the loan.

Andrew Macland, head of European debt, said: “Senior debt lending in the UK and continental Europe continues to present attractive investment
opportunities for non-bank lenders, such as PGIM Real Estate, with long-term trends and dynamics on display across a number of geographies and sectors.

“These deals are examples of our ability to identify interesting opportunities and continue to support sponsors even throughout the more challenging periods.”

Source: realassets.ipe.com on 22 September (https://realassets.ipe.com/news/pgim-real-estate-european-debt-platform-funds-dutch-portfolios/10047913.article)