FINANCE: A €500m (£383.9m) corporate real estate senior loans fund has been raised by Deutsche Asset & Wealth Management for German purchases.
Deutsche AWM announced that Deutsche Alternative Asset Management (UK), part of the alternatives and real assets platform, has raised the discretionary fund.
It will invest in German senior commercial real estate loans with LTVs of up to 60% secured against office, retail, residential and logistics assets. Loan maturity will range from three to 10 years.
Andrea Vanni, head of European real estate debt investments for Deutsche AWM, said: “The capital raise demonstrates the increasing demand for real estate loans as an alternative to corporate and government bonds.”
