Octopus Property raises £115m

The boutique London-based firm continues to attract past investors to its newest fund.

Octopus Property has held a £115 million (€131 million) first close on its Commercial Real Estate Debt Fund II, which will provide property loans with terms as short as three months in the UK real estate market.

Around two-thirds of investors in the CREDF II fund were existing investors from the maiden fund. The investors in CREDF II are mainly UK pension funds, with a credit fund of funds also understood to be a significant contributor.

Its predecessor fund held a final close at £130 million in October 2014.