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TH Real Estate hits first close of UK commercial RE debt market fund

TH Real Estate said it has raised funds close to the total £500 million target of its Global Real Estate Debt Partners – Fund II, Property Week reported.

The fund, which is focused on the U.K. commercial real estate debt market, will aim for returns of between 8% and 9%. The fund will use capital commitments from Asian, European and U.S. institutions.