Eurohypo, Europe's largest commercial real estate bank, has acted as agent and co-underwriter, on a 50 / 50 basis with RBS, to provide Threadneedle Strategic Property Fund IV the latest open-ended property fund to be launched by Threadneedle - with a £130 mln. debt facility.
The five-year facility will provide the long-established Threadneedle property investment team with the flexibility to pursue UK wide opportunities as part of its "core plus" investment strategy. The facility is structured to allow for a period of acquisition activity in which the Fund will assemble a diversified investment portfolio.
Established in 1994, Threadneedle has had one of the most successful long-term track records with 80% of its funds ranking in Investment Property Databank's top 10% over the last 10 years.
Dan Smith, Director Origination Eurohypo, commented: "We are delighted to be supporting Threadneedle Property Investment in its latest venture given the calibre of their property team and the fund investment strategy.
"This financing reflects Eurohypo's continuing appetite for new lending in the UK market, through providing facilities tailored to meet the requirements of established and proven partners"
Source: Madano Partnership