Open Fund

Global Real Estate Debt Partners – Fund II (UK)

Offering income-focused returns from a protected position in the capital structure.

Key facts

Target sector UK CRE debt
Target return 6% (net); 8-9% (gross)*
Fund structure Luxembourg société en commandite spéciale (SCSp)
Fund term Seven years
Currency Sterling
Fund value Target $400-500m
Max gearing 75% LTV
Fund Manager Christian Janssen
Investment strategy
  • Secured against fundamentally strong assets and well-positioned properties in the UK market
  • Invests in both whole loans and, selectively, in junior loans
  • Opportunistically syndicates the senior portions of certain whole loans to improve returns and capture enhanced economics

*Target returns and forecasts cannot be guaranteed. The ultimate returns realised by the Fund will depend on numerous factors that are subject to uncertainty. Accordingly, there can be no assurance that any return objectives will actually be realised.  

Source: TH Real Estate, 31 March 2018

 
Christian Janssen

Christian Janssen

Fund Manager

Christian's biography
We are delighted to see investors from our first fund strategy, invest in the second, showing continued support for the platform. The Debt team’s experience, global track record and extensive originations network ensures our ability to source and manage the very best opportunities for our clients.