Press Release December 19, 2017

GreenOak Raises Over €1.3 Billion for European Real Estate Debt Strategies

The London Real Estate Industry team advised GreenOak Real Estate in the closing of GreenOak Europe Secured Lending Fund at €600 million, in excess of its target raise of €500 million. The fund provides loans ranging in size between €5 million and €100 million, with the capacity to go higher. The fund is already 60 percent deployed across 12 loans secured by 60 properties in Germany, the Netherlands and Ireland.

This announcement follows the closing of GreenOak’s second lending fund focusing on commercial property in the United Kingdom, the GreenOak UK Secured Lending Fund II, with £625 million raised, in July 2017. Altogether Goodwin has advised GreenOak in raising a total of €1.6 billion of discretionary capital for lending in the United Kingdom, Ireland and mainland Europe.

GreenOak Real Estate is an independent, partner-owned, real estate-focused principal investing and lending firm that seeks to provide strategic advice and create long-term value for its clients and investors.

The Goodwin team was led by partners Gregory Barclay and Ben Eaton and associate Bhargavi Mudakavi and included partners David Evans, John Ferguson, Mark Kirshenbaum and Scott Webster; counsel Glynn Barwick; and associates Niall Dick and Katie Leah. Partner Paul Lyons and counsel Colin Baker also advised on finance-related matters.

For additional details on the closing, please read the press release.