Closed Fund

Global Real Estate Debt Partners – Fund I (UK)

Offering access to core property returns in a more protected part of the capital stack.

Key facts

Target sector UK commercial real estate debt (CRE debt)
Target return Net 6-7% IRR with 6% distribution yield
Fund structure Luxembourg regulated Société en Commandite Spéciale (SCSp-SIF)
Fund term Seven years (Launched December 2014)
Currency Sterling
Fund value £255m (c.$313m) (Total commitments)
Fund Manager Christian Janssen
Investment strategy

The Fund seeks attractive risk-adjusted total returns for investors through investment in a diversified portfolio of UK commercial real estate (CRE) loans. The Fund:

  • Invests in whole loans and selective junior only loans up to 75% loan-to-value
  • Originates loans secured against fundamentally strong assets and well-positioned regional properties in the core-plus and value-add sectors of the UK market;
  • Opportunistically syndicates the senior portions of selected whole loans to improve returns and capture enhanced economics;
  • Leverages internal debt and direct investment expertise to ensure comprehensive underwriting and risk management.

Global Real Estate Sustainability Benchmark (GRESB)

The Fund saw strong results in its second year of participation in GRESB, ranking 6th out of the 18 global participants. The Fund outperformed the GRESB average in its overall approach to sustainability management and policy, achieving a score of 81/100.

Note: Target returns are not guaranteed.
Source: TH Real Estate, December 2016

 
Christian Janssen

Christian Janssen

Fund Manager

Christian's biography
Our CRE debt team has been active in the market for the past +20 years, originating, structuring and managing more than £25bn (c.$36bn) of CRE debt transactions in the UK and Europe. This seasoned team of professionals is supported by an established real estate investment platform, TH Real Estate, ensuring our ability to source and manage the very best opportunities for our clients.
Christian Janssen

Christian Janssen

Head of Debt

Christian has more than 20 years’ experience in real estate finance, fund management, securitisation and capital markets. Prior to joining the company, Christian was a Fund Manager and Co-Head of Commercial Real Estate Lending at Renshaw Bay, where he set up and launched its maiden CRE Debt fund.

+442037278239 More about Christian
Christoph Wagner R3

Christoph Wagner

Director of Debt Strategies, Origination & Structuring

Christoph focuses on origination and structuring of commercial real estate debt. He has been active in the industry for over 19 years in Europe, and has experience in origination, underwriting and credit analysis, structuring and execution of loans, portfolio management, real estate structured finance, and asset management.

+442037278277 More about Christoph
Shawn Kaufman R3

Shawn Kaufman

Director of Debt Strategies, Origination & Syndication

Shawn is a Director of Debt Strategies focusing on Origination & Syndication of CRE debt and has more than 16 years of experience in real estate finance, syndicated loans, securitisation and capital markets.

+442037278205 More about Shawn

Jason Rodrigues

Vice President, Debt Underwriting & Execution

As Vice President in the Debt team, Jason is responsible for underwriting and completing new transactions. He has 13 years of experience in the real estate industry.

+442037278198 More about Jason
Michael Keogh

Mike Keogh

+44 (0) 20 3727 8160 More about Mike
Camilla Bergesen

Camilla Bergesen

Client Services Manager

Camilla is responsible for investor communications, client investor briefings and reporting across a number of funds and mandates.

+442037278431 More about Camilla