M&G Investments has closed its real estate mezzanine debt fund with €343 million in commitments, Property Week reports. The M&G Real Estate Debt Fund will offer junior commercial loans against all property types in Western Europe, including the U.K.
The vehicle has so far made seven investments, including transactions in the U.K., Germany and Spain. The portfolio currently consists of loans on office, retail and industrial property, while hotel and student accommodation deals are also being considered.
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