Aberdeen completes first commercial real estate loan in Europe
Aberdeen Investments has completed its first commercial real estate loan in continental Europe, providing €33 million in financing for a modern Grade A office property in Dublin. The transaction marks the firm’s European debut for its Commercial Real Estate Lending Team and signals a strategic expansion beyond its UK-focused activity.
Aberdeen’s Commercial Real Estate Lending Team has operated in the UK since 2013 and has deployed more than €3 billion to date. This latest deal builds on that track record, targeting high-quality assets in core European markets as part of a broader push to grow its market presence.
The lender said its initial focus will be on the Irish and Dutch markets while selectively evaluating opportunities across other European jurisdictions.
“This initial investment demonstrates our ability to source, underwrite and execute high-quality loans in Europe as well as the UK,” said Martin Barnewell, head of commercial real estate lending at Aberdeen Investments. “We have a strong pipeline of opportunities in Europe and look forward to securing attractive investments for our clients while providing an important source of alternative capital for real estate investors across Europe.
“We have been upgrading our house view on real estate for the past few quarters and continue to believe the sector has turned a corner, entering a new growth phase.” The announcement comes as European markets continue to face high construction costs, financing challenges, and investor caution due to global economic uncertainty.
