QuadReal Property Group LP, a real estate investment, development and property-management company, has expanded its debt platform by more than £2.5 billion to support lending for self-storage and other commercial real estate in Ireland and the United Kingdom. The company plans to use these funds over the next three to five years, with intent to expand into other European markets. The new platform will focus exclusively on direct lending, with QuadReal maintaining complete control over all decision making, according to a press release.
“Platform expansion in the U.K. and Europe is a natural next step for QuadReal’s debt strategy and will build off the successes of our team in North America,” said Jonathan Dubois-Philips, president of international real estate. “Expanding our lending capabilities in the U.K. and European markets provides us with the opportunity to further diversify our portfolio and gain exposure to the attractive risk-adjusted returns these markets have to offer.”
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“In alignment with QuadReal’s high conviction-investment strategy and global experience, the expanded platform will focus on key sectors including multi-family, student housing, data centers, industrial and self-storage,” said Prashant Raj, managing director of debt investments. “The initial commitment strategy is centered on the U.K. and Ireland, and will expand more broadly in Europe, with a focus on construction, transitional and stabilized loans, filling a current gap in the lending market.”
Vancouver, British Columbia-based QuadReal owns or manages $94 billion in real estate assets in Canada. It has 15 offices across the Asia-Pacific region, Canada, Europe and the U.S. It’s owned by British Columbia Investment Management Corp.
Source: PR Newswire, QuadReal Launches £2.5 Billion Debt Platform in United Kingdom and Europe
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