Aberdeen Investments has completed its first commercial real estate loan in Europe with the financing of a modern Grade A office property in Dublin, Ireland. The €33m loan marks the first European investment for the Commercial Real Estate Lending Team at Aberdeen Investments, building on its long track record of financing high-quality commercial properties in the UK.
Aberdeen Investments’ Commercial Real Estate Lending Team has operated in the UK since 2013, deploying more than €3bn to date. This European investment is part of Aberdeen Investments’ planned expansion of the platform to support European borrowers.
The initial focus will be on the Irish and Dutch markets while also selectively considering opportunities across other continental European jurisdictions.
Martin Barnewell, Head of Commercial Real Estate Lending at Aberdeen Investments, said:
“This initial investment demonstrates our ability to source, underwrite and execute high quality loans in Europe as well as the UK. We have a strong pipeline of opportunities in Europe and look forward to securing attractive investments for our clients while providing an important source of alternative capital for real estate investors across Europe. We have been upgrading our House View on real estate for the past few quarters and continue to believe the sector has turned a corner, entering a new growth phrase.”
