AB Alternative Fund SICAV-SIF – European Real Estate Sub-Fund (“the Fund”), an open-ended Luxembourg-regulated fund specialised in commercial real estate assets across Western Europe, has completed a strategic refinancing of its Italian portfolio.
The €45 million facility, arranged by Macquarie Group, provides a three-year tenor at competitive terms and is secured against a prime portfolio of logistics and office assets located in Northern Italy. The refinancing enhances the Fund’s capital structure and supports its long-term value creation strategy. This marks the first real estate financing transaction of its kind for Macquarie’s Fixed Income and Currencies business in Italy.
“This transaction is a major milestone for the Fund,” said Daniel Deléchat, Head of Asset Management at Arab Bank (Switzerland) Ltd. “It demonstrates our ability to secure competitive, flexible financing from a global institution like Macquarie and reflects the strength of our collaboration with Savills Investment Management, our asset manager, whose deep local knowledge and execution capabilities were instrumental in delivering this deal.”
This landmark deal showcases the Fund’s capacity to deliver sophisticated capital solutions while continuing to strengthen its footprint in the European commercial real estate market.
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