Macfarlanes advises ARA Europe on its latest commercial real estate debt fund
VeCREF II seeks to target mainly whole loans secured by commercial real estate assets with strong fundamentals in France, Germany, Ireland, the Netherlands, Spain and the United Kingdom. Capital commitments were received from a variety of institutional clients including insurance companies and pension funds, sourced from Europe, North America and Asia.
The Macfarlanes team was led by investment management partner, Harriet Miller and senior advisor, Alex Amos, with support from senior associate, Sweta Tandle. Tax advice was provided by partner Ceinwen Rees.
Harriet Miller comments: “We are delighted to have continued to support ARA Europe’s growth by assisting them on this latest fund. It is testament to the ARA Europe team that they doubled the capital raised versus their first fund in this current fundraising environment.”