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European Commercial Real Estate Debt

Our real estate platform leverages AB’s culture of research-based, deep value investing. We work to deliver attractive risk-adjusted returns to investors in transitional lending.

Experienced Team. Solution-Focused.

Real estate direct lending is a pillar of AB’s alternative investment business, with platforms in Europe and the US and over 29 investment professionals dedicated to commercial real estate debt. Combined, the platforms have raised over €12 billion of capital commitments, with more than €1.6 billion dedicated to European opportunities for the European Commercial Real Estate Debt (“ECRED”) platform.*

AB focuses on providing flexible capital to sponsors, which helps them implement their business plans and drives financial returns. The ECRED team brings experience, impressive breadth of knowledge, and an extensive relationship network throughout Europe, delivering unique value to borrowers and ECRED investors.

In the region, AB invests across the capital structure, including whole loans, subordinate loans, and preferred/structured equity. The business focuses on both direct origination and secondary participations/syndications to source investment opportunities.

The team underwrites traditional and alternative property types across all major European jurisdictions. Its lending criteria supports all stages of a property’s lifecycle including development, refurbishment/repositioning, stabilization, and sell-down business plans. AB underwrites loans ranging in size from €25 to €100 million.

With seasoned investment professionals based in the UK and continental Europe, AB is a solutions-oriented capital partner committed to providing clients with timely responses and a high level of execution certainty.

*As at 31 December, 2023

US$1.3bn
AUM
6
Investment Professionals
2020
Inception Date

As at 31 March, 2024

Representative Transactions

Whole Loan
Spain, Residential For Sale
Investment Date: 1 August 2022
Whole Loan
Netherlands, Mixed Use
Investment Date: 29 July 2022
Subordinate Loan
United Kingdom, Residential For Rent
Investment Date: 27 January 2022
Whole Loan
United Kingdom, Residential For Sale
Investment Date: 29 March 2021

AB’s In Conversation With Pete Gordon and Clark Coffee

September 2024

In this episode, we speak with Pete Gordon & Clark Coffee, AB’s Heads of US & EMEA Commercial Real Estate Debt platforms. We ask them what commercial real estate debt is as an asset class and where it fits in a portfolio.

Listen Time: 22 minutes

For more information about AB’s real estate platform, speak to a member of our team.

Brad Karp

Managing Director
Australia Client Group
(03)8630 2232
Brad.Karp@AllianceBernstein.com

Jeremy Browne

Managing Director
Australia Client Group
(02)9255 1230
Jeremy.Browne@AllianceBernstein.com

Christina Manonian
Managing Director
Asia Pacific Consultant Relations
(03) 8630 2227

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