Generali Real Estate launches second fund to invest in commercial real estate debt

Generali Real Estate is doubling down on commercial real estate debt investments with the launch of GREDIF II.

GREDIF II aims to capture the opportunities offered by the commercial real estate debt market, leveraging the Generali Real Estate long-term expertise in this segment. The fund’s investment strategy will rigorously select high-quality underlying assets in terms of location and leasing market dynamics to build a diversified portfolio across asset classes, geographical distribution and risk/return profile, with environmental and social characteristics.

GREDIF II has a target size of €1 billion ($1.08 billion) and targets senior debt loans financing, with a loan-to-value (LTV) up to 60 percent and variable rates. The fund aims to invest across Europe (primarily in continental Europe countries, but also in the United Kingdom), and across different asset classes (primarily office, logistics and residential).

The fund’s predecessor, Generali Real Estate