Mitsubishi Corporation (MC) has launched a new real estate debt fund focused on the UK market, managed by a joint venture between MC Asset Management Europe (MCAME), a 100% subsidiary of MC and UBS Global Asset Management (UBS GAM), a 100% subsidiary of UBS A.G. (UBS).
Including the GBP 50 million seed capital from MC, the fund’s first close was GBP 140 million. MC will send secondees to UBSGAM to jointly manage the fund.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
In 2000, MC and UBS established a joint venture, MC-UBS Realty Management in Japan. Jointly we grew the company which now manages the second largest REIT in Japan. The new fund project is backed by this longstanding successful relationship between MC and UBS, and we are looking to expand the scope of our cooperation into a more global scale.
Although MC has focused on the domestic real estate market, it is now intending to expand its asset management business to foreign real estate and other real assets.
The fund is a closed ended debt fund seeking to take advantage of the debt financing gap in commercial real estate in the UK. It will target a wide range of potential borrowers including those needing to refinance their maturing loans and new borrowers seeking to invest in the UK commercial property market.
UK real estate debt market has an established reputation in terms of transparency, liquidity and lender-friendly legal system.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataBoth MCAME and UBS GAM intend to grow the fund with investors from around the world. Target fund size is GBP 500 million.
