Alantra has completed the first close of its real estate fund ‘Alteralia Real Estate Debt FIL’ with investment commitments for a global amount of €30 million, according to the company. It hopes to undertake subsequent fundraisings to achieve its target size of €100 million by the end of this year.
The fund will offer loans of between €5 million and €15 million euros on real estate assets, mostly commercial, such as offices, retail, hotels, logistics, student residences as well as other alternative assets. These loans may be used for different purposes such as the acquisition of real estate assets, refinancing of existing debt, and the funding of renovation or repositioning work.
