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TH Real Estate awarded UK CRE debt mandate

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TH Real Estate has been awarded a mandate to invest in the UK Commercial Real Estate (CRE) debt market by two Korean investors - Dongbu Insurance Company and Dongbu Life Insurance Company.

Since it was founded as Korea’s first public auto insurance company, Dongbu Insurance has grown to be one of the largest non-life insurers in Korea, serving 7 million domestic customers; Dongbu Insurance is widely regarded as a leader in its industry for over 50 years. Created in 1989, Dongbu Life has since become one of the leading providers of Korea’s life insurance industry, and its focus on sustainable profitability has earned it a reputation as the country’s most stable insurance company.

The award of this mandate, specifically for real estate whole loan investments across the UK, represents the first separate account in UK debt investment for the two Dongbu companies.

TH Real Estate has a market-leading CRE debt team in the UK with origination, structuring, execution and portfolio management capabilities. The team leverages the expertise of TH Real Estate’s in-house specialist sector teams that invest equity directly into CRE, representing a £12bn+ UK portfolio*.

The debt platform invests across the capital structure, seeking income-focused, stable and attractive risk-adjusted total returns for investors through a diversified portfolio of CRE debt investments.

Christian Janssen, Head of Debt at TH Real Estate, said: "The UK remains an attractive investment destination for CRE debt, with a positive and stable commercial real estate risk-return profile, supported by a liquid and transparent marketplace, and a creditor-friendly and well-understood legal framework.

We are delighted to have been awarded this mandate and look forward to working closely with Dongbu Insurance Company and Dongbu Life Insurance Company, two prestigious and sophisticated investors. This new mandate is testament to our expertise in the sector and aligned to our growth aspirations for our CRE Debt platform."

Disclaimer Issued by Henderson Real Estate Asset Management Limited, 201 Bishopsgate, EC2M 3BN. Authorised and regulated by the Financial Conduct Authority. TH Real Estate is a name under which Henderson Real Estate Asset Management Limited provides investment products and services.

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