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Sign in Sign up for a FREE subscriptionGrosvenor and Generali launch residential debt financing partnership
Grosvenor and Generali Real Estate, the Generali Group asset management company specialized in real estate investments, have announced a new partnership to support residential developers with debt financing.
Building on Generali Real Estate’s experience of financing real estate projects and Grosvenor’s experience as a developer and knowledge of the U.K. housing market, the partnership has been seeded with an initial £50 million ($63.8 million) from each organization and will be characterized by a ‘pari-passu’ co-investment strategy.
Generali Real Estate and Grosvenor will look to address the shortage of funding available from traditional lenders by providing loans of up to £60 million ($76.5 million) for residential projects of all types and tenures, with a focus on schemes with strong environmental credentials in London and the United Kingdom’s regional cities.
The announcement is an extension of both Grosvenor and Generali Real Estate strategies on