Aukera increases volume of Luxembourg debt fund to EUR562m

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Aukera Real Estate AG (Aukera) has issued a loan of EUR92 million in Luxembourg on behalf of the real estate debt fund it advises. 

The mixed commercial use property is still under construction and is expected to be completed in the first quarter of 2022. In addition, another new investment has been made involving funding of EUR37 million for the acquisition of a property in Munich. The fund volume of the Aukera real estate debt fund is thus increased to EUR562 million. Aukera received legal advice for both these transactions from DLA Piper UK LLP, headed by Sven Seibold.

The fund enjoys broad geographic diversification and is now invested in five European countries. New investments amounting to around EUR 290 million have been concluded since the fund was founded in August 2020, in addition to which the investor has contributed existing loans with an investment volume of around EUR272 million.

“Our team continues to enjoy success in 2021, and we are highly motivated to conduct further transactions. In particular, I would also like to thank Mr Seibold of DLA Piper for his competent and solution-orientated advice in relation to both of the completed transactions. The deal flow is still high at just short of EUR4 billion since the start of the year, so we will in future be able to identify many more investments with an attractive yield-risk profile. And not only in Germany but throughout Europe,” says Lars Armgart, CEO of Aukera.