Tag: new funds

Alantra Launches Commercial Real Estate Financing Fund

30 October 2019 – Alantra is launching a new €100-€150-million real estate financing fund, which will provide loans of between 5 and 25 million euros for real estate projects. The loans would mainly cater to investors in commercial assets, such as offices, the retail sector, hotels, logistics and housing for students and senior citizens. The loans could be used for acquisitions, the refinancing of existing debt, rehabilitation works or repositioning.

Original Story: Expansión

Adaptation/Translation: Richard D. K. Turner

Locare & Tectum to Launch New Fund as Rental Market Heats Up

14 October 2019 – Locare RE and Tectum Real Estate Investments are preparing to launch a new €240-million fund aimed at the affordable rental housing market. The new fund, Tectum II, comes hot on the heels of a similar, €120-million fund the two firms launched just a few months ago. The investments come at a time when foreign investment and rising real estate prices, especially in Spain’s major cities, are driving families further out of city centres.

The first fund allowed the two firms to acquire seven plots of land, enough to build 1,000 affordably priced rental homes in the Community of Madrid. The plots of land are located in Torrelodones, Villalba, Móstoles, Arroyomolinos, Valdemoro (two plots) and Alcalá de Henares. The fund expects monthly rents to cost between 500 and 900 euros per month.

Short-term plans for Tectum II aim to start advertising approximately 1,500 new rental homes already in 2020.

Original Story: El Confidencial – E. Sanz / C. Hernanz

Photo: Locare

Adaptation/Translation: Richard D. K. Turner

Catella Launches CESHF II, A New Fund Student Residence Fund

21 September 2019 – Catella Asset Management Iberia has launched a second fund, Catella European Student Housing Fund II (CESHF II), specialising in student residences. The fund, which already has 100 million euros in its war chest, expects to raise up to €250 million over the next two years. CESHF II will invest in university cities with the potential for growth in Germany, Austria, France, the Netherlands, Belgium, Luxembourg and Spain, along with possible investments in the United Kingdom, Denmark, Portugal and Poland. The fund is aiming for broad diversification and a total of around 20 assets.

The new fund’s first acquisition was a 208-flat student residence in the German city of Mannheim. The building can accommodate up to 313 students and was recently built in a newly-developed area of ​​the city, Franklin Areal.

Original Story: Idealista

Adaptation/Translation: Richard D. K. Turner