AEW, Natixis expand real estate debt team – Exclusive

The partnership has completed the third close for its second property fund.

AEW and Natixis Asset Management’s partnership has boosted its real estate debt team as it completes the third close of its second property debt fund at over €500 million.

Chaoki Ben Halima has joined Natixis AM from Generali, while Sylvain Deschamps moved as part of an internal move in AEW.

The pair will be responsible for loan origination and assessing investment opportunities for AEW’s and Natixis’ debt vehicle. Ben Halima has more than 12 years of experience in real estate financing, while Deschamps was in charge of real estate financing operations on behalf of third parties. He previously spent over two years in the real estate financing team at Société Générale.

They will report to Cyril Hoyaux, managing director and head of debt funds and mandates at AEW, and Arnaud Heck, head of real estate finance at Natixis.

As previously reported, the AEW-Natixis AM partnership has already raised €519 million for its second Senior European Loan Fund, of which half has been deployed across eight loans.

Over the last three months, SELF II has completed three new investments, financing the acquisition of a retail portfolio in France, Germany and Poland; data centres in France and Italy; and of the CB16 office tower in Paris La Défense.

Around 50 percent of the fund’s capital has been allocated to France and Germany, and the rest across Italy, the Benelux and Poland; with Spain a potential market for future lending.

“This new fundraising reflects the strong appetite among French and international investors for our asset class and the opportunity that our SELF platform provides to successfully access real estate debt markets across Europe,” Cyril Hoyaux, co-head of the real estate debt platform, said.

Hoyaux added: “We are continuing to deploy our strategy, with the help of our expanded team, and are confident in delivering above-target returns.”