DWS holds first close for new European Junior Real Estate Debt Fund

DWS has launched its sixth real estate debt fund, raising €150 million ($158 million) of capital commitments in a first close.

The European Junior Real Estate Debt Fund will focus on building a subordinated (junior) loan portfolio secured by high-quality pan-European core/core-plus real estate.

The fund is targeted at institutional investors across Europe and is expected to reach a total volume of approximately €500 million ($526 million).

“This is another milestone for our real estate debt platform, which also reflects confidence in our underwriting expertise and strong sourcing and closing power,” said Alexander Oswatitsch, head of real estate debt, Europe. “Since the launch of our European Real Estate Debt platform in 2014, more than 50 deals have been closed, building a network of long-term industry relationships.”