RESIDENTIAL PROPERTY | Staff Reporter, Singapore

ARA Venn raises $312.93m from institutional investors

This is the first close of its whole loan European real estate debt fund.

Real estate investment manager ARA Venn, ARA Asset Management Limited subsidiary, has secured $312.93m (€200m) from institutional investors for the first close of its latest fund, Venn Commercial Real Estate Fund II (VeCREF II), according to an announcement.

VeCREF II follows its predecessor, VeCREF I, which deployed over $813.62m (€520m) across 24 commercial real estate loans. All external investors of the VeCREF I fund have invested into the new fund. ARA Asset Management Limited also participated as a cornerstone investor.

VeCREF II will invest in whole loans secured by commercial real estate assets across Western
Europe, targeting a net IRR of mid to high single digits and regular quarterly income distributions for its investors.

The fund’s investment strategy is said to target loans secured by value-add real estate opportunities across all asset classes, including residential and alternatives, focusing on France, Germany, Ireland, the Netherlands, Spain, and the United Kingdom.

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