LaSalle European debt business raises £600 million

LaSalle’s European debt investments business raised nearly £600 million (€535 million) across its debt strategies platform since the beginning of the year.

The real estate investment manager has extended its residential finance programme to £704 million with new commitments totalling £264 million for the LaSalle Residential Finance III (LRF III) programme.

The programme will focus on lending on assets in the UK, intended to be developed or re-developed for use as student housing, residential accommodation, hotels or healthcare-related property.

The vehicle provides borrowers with whole loan solutions for larger and/or higher leverage developments at loan-to-cost ratios of up to 80% with loans ranging from £15 million to more than £100 million.

Amy Aznar, LaSalle’s head of debt investments, said: “We have been very active across the debt lending space, where we are able offer borrowers a broad range of debt solutions.”

©2017 funds europe

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