Pramerica Real Estate Investors (PREI) said on Friday that it has completed a £492 mln (EUR 558 mln) fund to provide financing for commercial property transactions on behalf of institutional investors in its closed-end Pramerica Real Estate Capital 1 Fund. Pramerica, the European real estate investment arm of US group Prudential Financial, said the vehicle is the largest discretionary, dedicated mezzanine debt fund launched to date in Europe.
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