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Aviva Investors provides £154 million refinancing to CLS Holdings

Aviva Investors, the global asset management business of Aviva, has provided CLS Holdings (CLS) with a £154 million senior debt facility towards the refinancing of 12 UK assets.

The financing, which is provided over 10 and 12-year fixed-rate tranches, is being made on behalf of a combination of the Aviva UK Life Annuity business and third-party client mandates.

Schroders raises initial €300 million for debut European hotel fund

Schroder Real Estate’s hotels arm has raised an initial 60% of a €500 million fundraising target for its debut European fund.

According to the manager, Schroder European Operating Hotel Fund I have received €300 million of equity commitments from European institutional investors and family offices, and several more investors in the process of committing to the fund which is expected to reach €800 million of capital (including leverage of 40%) in a few months.

PGIM Real estate seeks USD2 billion for open-ended US debt fund

PGIM Real Estate is seeking to raise $2 billion (€1.63 billion) over the next three years for its new open-ended real estate debt fund, according to one of its investors.
The Stanislaus County Employees’ Retirement Association (StanCERA) is committing $54 million to the PGIM Real Estate US Debt fund, a board meeting report shows.
IPE Real Estate – 13 March 2018
 

Generali launches EUR1 billion infrastructure debt platform

A new infrastructure debt investment platform controlled by Generali will be seeded with at least €1bn from the Italian insurer.
Generali will hold a controlling stake in Generali Global Infrastructure (GGI), a joint venture with infrastructure financiers Philippe Benaroya, Alban de La Selle and Gilles Lengaigne.
GGI will form the first part of the Generali’s new multi-boutique asset management strategy. It will be managed by a newly-founded entity known as Generali Investment Partners.
IPE Real Estate – 20 March 2018