FAP launches Germany-focused real estate debt funds

The FAP Group has launched a new real estate debt fund for mezzanine loan financing of portfolio properties, revitalization projects and project developments in Germany, as well as selectively in the Netherlands and Austria.

The “master/feeder” fund, based in Luxembourg with the legal form of a fully regulated S.C.Sp., SICAV-SIF, will provide mezzanine capital in the coming years amounting to €250 million ($289 million) for investments with a focus in the asset classes: residential, office/business, retain and shopping as well as hotels.

The Bank of Hauck & Aufhäuser Luxembourg functions as a fund manager (AIFM). FAP Invest GmbH from Berlin takes on the role of investment consultant and adviser. Law firm Greenberg Traurig Germany, PwC as external accountants and VictoriaPartners for the area of structuring and fundraising have all taken part in the construction of this setup.

The fund is set to run for five years (with two extension options, each for