Octopus Real Estate announces €540m funding agreement with Bayview Asset Management
Octopus Real Estate, part of Octopus Group, has agreed upon a funding partnership with affiliates of Bayview Asset Management, an investment management firm focused on investments in mortgage and consumer credit, to provide two-to-five-year senior investment debt to the U.K. commercial real estate market. The funding partnership has an initial commitment of £450 million (€540 million/$611 million).
The funding will target loan opportunities up to £25 million (€30 million/$34 million). This is an area underserved by lenders and where Octopus’s debt platform has an established presence.
With more than £5 billion (€6 billion/$7 billion) of lending to U.K. assets made to date across commercial, residential and development, this will complement Octopus’s existing range of debt products. Importantly, it will increase lender choice for Octopus’s established network of borrowers and brokers.
“Today’s announcement represents another exciting milestone