Funds advised by the real estate debt financing arm of Savills Investment Management has financed a portfolio of Spanish Supermarkets owned by Blackbrook Capital.
DRC Savills Investment Management (DRC SIM) said its European Real Estate Senior Debt (ERESD) fund series have financed the portfolio of 21 supermarket assets owned by Blackbrook.
The portfolio is subject to long-term triple net leases to grocery retailer Eroski.
Mark Gibbard, principal at DRC SIM said: 鈥淭his deal underscores DRC SIM鈥檚 commitment to deployment of our senior debt strategy (ERESD) in high-performing real estate assets owned by high-quality sponsors, such as Blackbrook鈥�
Jon Strang, managing director of Blackbrook Capital, said: 鈥淪panish grocery retail remains a highly resilient and attractive sector, and we believe our Eroski assets are well-positioned to support its growth potential and rising demand.
鈥淭he DRC SIM team stood out in their ability to deliver in a timely fashion in line with our requirements. We look forward to working with them in the future.鈥�
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