QSix provides €25m loan for four leading hospitality properties in The Netherlands
QSix Real Estate Finance (REF) announces the completion of a €25m acquisition loan in The Netherlands. These funds will be used by the borrower to purchase four hotel and hospitality properties, each located at a variety of strategic motorway points across The Netherlands. The borrower has been the tenant of these properties for the past five years via their ownership interest in Gr8 Investments.
The loan represents the first deal completed by QSix in the Netherlands, having earlier this year announced its expansion into the Dutch commercial real estate market through the opening of its Netherlands office.
It also follows several transactions completed by the QSix REF team in the first half of this year, most recently a £40m (€46m) loan for the completion of Tobacco Warehouse Phase 1 at Stanley Dock in Liverpool.
This transaction takes the amount of capital deployed by QSix REF to £175m (c.€200m) across 12 loans, including £95m (c.€110m) deployed in 2021 alone.
Eduard Mantz, Investment Director and Head of QSix’s Netherlands office, commented:
“We are delighted to provide this loan and to support the purchase of four properties that are ideally located across several key strategic locations the Netherlands. Through their experience as a tenant, the borrower will bring a well-rounded and informed perspective that will help these properties develop and succeed over the coming months and years. This deal again demonstrates our expertise in carrying out these complex property lending transactions within a short time frame and we look forward to completing similar deals in the future.”
Gareth Williams, Head of QSix REF, commented:
“We are very pleased to have made our first commercial real estate (CRE) debt loan in The Netherlands which is an important milestone for QSix. A core reason for expanding into the Dutch market was to uncover these investment opportunities and capitalise on a very attractive market environment. This deal demonstrates the significant potential the Dutch CRE market holds for us and we look forward to updating further in due course.”
