Scor: launches a new real estate debt fund

(CercleFinance.com) - Scor announced on Tuesday the launch of a new real estate debt fund, aiming to reach a total of E500m to E700m.


The reinsurer says the fund, called 'Scor Real Estate Loans V' and designed by its asset management subsidiary Scor Investment Partners, will be aimed at financing value-added projects, starting with the energy transition within the real estate market.

This aims to take advantage of currently favourable conditions for lenders on the real estate debt market, against a backdrop of falling interest rates.

The fund will finance projects located in the heart of major European metropolises, with a multi-sector approach, via senior loans for example.

The fund will also focus on the logistics and housing sectors, as well as renovation projects.

Aimed at institutional investors, it has already secured an investment commitment of E100m from the Scor group, targeting a total of E500m to E700m.

Over the past decade, Scor's real estate debt strategy has resulted in the deployment of E2.2bn through 87 transactions covering various types of debt.


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