19 October 2017
Reporter: Theo Andrew

SELF II reaches €500 million on third close

AEW and Natixis Asset Management (AM) have completed the third closing of their Senior European Loan Fund (SELF) II, reaching €500 million.

The pan-European debt fund achieved the equity through institutional investors from France, Germany and Italy.

In the past three months, SELF II has invested in a retail portfolio in France, Germany and Poland; data centres in France and Italy; and an office tower in Paris.

The original SELF was launched in 2012 and raised €323 million in commitments.

SELF II, launched in 2016, invests in senior real estate debt positions, financing core real estate assets across the office, retail, logistics and hotel sectors. The total amount raised now exceeds €1 billion.

According to the fund, 50 percent of its capital has been allocated to France and Germany, with the remaining 50 percent spread across Italy, Benelux and Poland. The fund has also set sights on the Spanish lending market.

As part of the fund’s success, AEW and Natixis AM have expanded its debt team.

Natixis AM has appointed Chaoki Ben Halima to the team, while Sylvain Deschamps has moved internally from AEW. Both will report to Cyril Hoyaux, head of the European debt platform at AEW and Arnaud Heck, head of real estate finance at Natixis.

Hoyaux said: "We are continuing to deploy our strategy, with the help of our expanded team, and are confident in delivering above-target returns."

Heck added: "Our real estate debt platform continues to grow at a sustained pace, without compromising on asset quality or process of deals selections and follow up. Our three latest investments are in line with this approach, with co-arranged transactions or structured as small club deals.”

More news
The latest news from Real Estate Investment Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
EPIC warehouse acquisition in the pipeline
20 November 2017 | London | Reporter: Stephanie Palmer
Ediston Property Investment Company (EPIC) is set to acquire four retail warehouse parks in the UK from Stadium Group, for £144 million
HFF delivers $288.8 million loan for resi project
17 November 2017 | San Jose, California | Reporter: Theo Andrew
HFF has secured $288.8 million of construction financing for two luxury residential towers in San Jose, California
CBRE Capital Advisors chosen for £100 million fund
16 November 2017 | Belfast | Reporter: Theo Andrew
The Northern Ireland fund will provide debt finance for real estate, regeneration, low carbon and infrastructure projects. It has been appointed on a 15 year mandate
AXA IM - Real Assets hit final close on logistics club
15 November 2017 | London | Reporter: Theo Andrew
The fund, which seeks to invest in 1 million square metres of logistics developments across Europe, raised the equity commitments from four international institutional investors
LaSalle names European head in business restructure
14 November 2017 | Paris | Reporter: Theo Andrew
Karim Habra was previously head of France for LaSalle, and his appointment replaces the firm’s previous structure of naming country heads for Europe
L&G settles on UK retirement villages for £102 million
14 November 2017 | London | Reporter: Theo Andrew
The portfolio, not yet fully developed, will comprise of 694 units, located in Liphook in Hampshire; Faygate in West Sussex; Exeter in Devon; and Great Alne in Warwickshire
Patrizia acquires German-based Triuva
13 November 2017 | Berlin | Reporter: Theo Andrew
Triuva had AUM of approximately €9.8 billion, meaning the deal, for an undisclosed price, places Patrizia in the top 10 European investment managers