News

SCOR Investment Partners announces the interim closing of SCOR Real Estate Loans V. The fifth vintage of its value‑add real estate debt strategy, launched in 2013 and dedicated to financing the renovation, restructuring, repositioning or development of real estate assets, has raised EUR 260 million in commitments.

SCOR Real Estate Loans V, in which the SCOR Group is invested as an anchor investor, has attracted capital from both long‑standing and new institutional investors. This reflects the growing appetite of institutional investors for real estate debt, and in particular for the value‑add segment. Fundraising is still ongoing, with a target size of EUR 500 million.

The capital raised enables the fund to pursue an active and dynamic deployment, with four projects already financed across student housing, life sciences and office assets. For three of these transactions, SCOR Investment Partners acts as sole senior lender. The fund benefits from a robust and diversified investment pipeline, supporting continued deployment and confirming the recovery in financing activity alongside rising real estate investment volumes.

SCOR Real Estate Loans V is well positioned to benefit from structural market trends and to address the stakes related to the energy transition of the real estate sector. These trends are driven by European regulation, growing demand from market participants for newly built or refurbished and certified assets, and the need for continued capital expenditure to ensure the long‑term functionality of properties.

The fund aims to offer investors an attractive risk‑return profile, benefiting in particular from favourable market conditions for lenders in real estate debt. It finances projects located in the core of major European metropolitan areas, following a multi‑sector approach, through senior loans and whole loans.
In line with SCOR Investment Partners’ sustainable investment philosophy, the fund’s investments target the improvement of the energy efficiency of existing buildings. SCOR Real Estate Loans V is classified as an Article 9 fund under the European Sustainable Finance Disclosure Regulation (SFDR) and has obtained the LuxFLAG ESG – Applicant Fund Status.

Pierre Saeli, Head of Real Estate Loans at SCOR Investment Partners, commented: “Investment volumes, in the real estate market, have started to increase again and, in our view, should continue to rise, supporting a strong pipeline of debt transactions. In addition, the structural trend towards higher ESG standards across all assets represents a powerful investment driver for value‑add strategies and is set to persist. This enables us to deploy capital efficiently while maintaining portfolio diversification.”

Alexandre Jaeglé, Head of Business Development at SCOR Investment Partners, added: “Investors are returning to real estate, notably through debt strategies, which offer greater downside protection than equity. In the current market environment, we anticipate running yields above 5% on value‑add real estate debt and IRR of around 6%.”

Over the past decade, SCOR Investment Partners’ real estate debt strategy has successfully deployed EUR 2.3 billion across 91 transactions, covering a broad range of debt instruments, including senior loans, whole loans, junior loans and mezzanine financing.