SCOR Raises 260 Million Euros for Its New Real Estate Debt Fund
SCOR Investment Partners announces an intermediate closing of 260 million euros for SCOR Real Estate Loans V, its fifth fund dedicated to value-add real estate debt. The manager continues to market the vehicle with a target fundraising of 500 million euros.
Continuation of a Proven Strategy
SCOR Real Estate Loans V, launched in continuation of a strategy initiated in 2013, finances projects involving renovation, restructuring, repositioning, or development of real estate assets. The fund has already financed four projects in the sectors of student residences, life sciences, and office spaces. For three of these, SCOR Investment Partners acts as the sole senior lender. The fund operates through first lien, senior, and whole loans, strategically positioned in major European metropolises with a multi-sectoral approach. It has a solid and diversified project portfolio to continue its investments.
Focus on Energy Efficiency
SCOR Real Estate Loans V targets the enhancement of energy efficiency in existing buildings, in line with European regulatory directions and the demand for new or restructured and certified assets. The fund is classified as Article 9 according to the European SFDR Regulation and has obtained the LuxFLAG ESG - Applicant Fund Status. In line with SCOR Investment Partners' sustainable investment philosophy, the investments aim to address the structural challenges related to the energy transition in the real estate sector. Over the last decade, the group's real estate debt strategy has deployed 2.3 billion euros across 91 transactions covering various types of debt.
