UBS Asset Management (UBS AM) Real Estate and Private Markets (REPM) has provided €73 million ($87 million) in financing for the rollout of fiber-to-the-home networks in Germany.
UBS will hand over the five-year debt package to TNG, a network provider operating in rural Germany, to support the company’s fiber rollout, which is targeting more than 200,000 households.
“This transaction represents an exciting new investment in the digital infrastructure space, a sector which constitutes an important pillar of our investment portfolio and strategy,” said Alessandro Merlo, head of investment, infrastructure debt at UBS AM REPM. “To date, we have invested over €1.5 billion [$1.8 billion] across 27 European mid-market infrastructure projects, a significant milestone for our platform, one which confirms our capabilities to originate, structure and provide an important source of capital financing.”
TNG operates primarily in Northern Germany, providing inter
