The real estate debt team of Schroders Capital has provided a €17.2 mln, five-year whole loan facility to Angelo Gordon, the alternative investment manager.
The loan has been made as part of a re-financing of two industrial assets in the Netherlands, in Tegelen and Bergen, near the Dutch-German border.
Daniel Younis, head of real estate debt Germany and European originator, Schroders Capital, commented: 'We are very pleased to have financed this transaction for Angelo Gordon’s net lease strategies.
'The combination of asset quality and location, tenant strength and Angelo Gordon’s expertise in sale and lease backs makes this an ideal fit for our lending strategy.'
Gordon Whiting, head of Angelo Gordon net lease, added: 'It was great to partner with Schroders Capital on this long-term sale and leaseback transaction.
'Recent market dislocation is creating an attractive environment for Angelo Gordon net lease to partner with industry leading corporates across core European markets who are looking to unlock value through sale and leaseback financing of critical assets.'
The European and UK senior loan funds target a gross return of 6-8% from senior secured real estate loans.
The real estate debt team are focused on building a diversified portfolio of loans designed to deliver attractive risk-adjusted returns combined with the downside protection offered by secured lending against commercial real estate.
The strategies are designed to meet investors’ growing demand for private debt alternatives which aim to offer enhanced and differentiated sources of return. The team is overseen by Natalie Howard, Schroders Capital’s head of real estate debt.
Schroders Capital deployed a further £100 mln (€114 mln) into four UK transactions in 2022.