TwentyTwo Credit I, an investment vehicle targeting European real estate investment opportunities in distressed debt, mezzanine and preferred equity has invested in a mezzanine loan secured by a portfolio of leisure parks
TwentyTwo Real Estate (“the Company”) is pleased to announce that TwentyTwo Credit I, an investment vehicle managed by the Company, has purchased part of a mezzanine loan with a total face value of circa €200 million.
The loan is secured by a portfolio of 7 leisure parks located across the Netherlands, Belgium and Germany.
Daniel Rigny, founder of TwentyTwo Real Estate said: “The leisure sector has proved remarkably resilient over the past couple of years despite the macroeconomic uncertainties.
This investment is consistent with our credit strategy of making real estate investments benefiting from robust capital protection and attractive return expectations”.