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.
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.
The joint INREV and CREFC Europe round table is an invitation-only event for debt fund managers and institutional investors. It will be held in London on Thursday, 8 November.
Any debt fund managers and institutional investors interested in joining should contact firstname.lastname@example.org for details.
Property group Places for People has acquired a £300m (€342.6m) socially responsible UK regeneration fund managed by Aviva Investors.
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
UBS Asset Management launches second infrastructure debt fund with EUR448.4 million of seed commitments
UBS Asset Management's (UBS-AM) Real Estate & Private Markets (REPM) business has launched its second infrastructure debt fund, Archmore Infrastructure Debt Platform II (IDP II), with seed commitments from initial investors of more than €448.4 million.