Travers Smith Lends Expertise to RBSI for €77M Facility for Harbert Fund

Deal News | Jul 31, 2025 | Travers Smith LLP

Travers Smith LLP has advised RBS International (RBSI) on a €77 million subscription facility for Harbert European Real Estate Fund VI, managed by Harbert Management Corporation. The innovative facility, leveraging a use-of-proceeds structure, aligns with sustainability objectives, allowing the fund to invest in sustainable buildings, decarbonization efforts, and affordable housing. The legal team at Travers Smith, led by Finance Partner Danny Peel, played a key role in this arrangement, reaffirming their long-standing relationship with RBSI.

Sectors

Real Estate Investment
Legal Services
Sustainable Finance

Geography

Europe – Harbert European Real Estate Fund VI operates within the European market, and the subscription facility is intended for investments in this region.

Industry

Real Estate Investment – The article involves Harbert European Real Estate Fund VI, which invests in real estate assets.
Legal Services – Travers Smith LLP provided legal advice on the subscription facility arrangement.
Sustainable Finance – The subscription facility supports sustainability-linked uses, including investment in sustainable buildings and decarbonisation.

Financials

€77 million – Subscription facility provided by RBS International to Harbert European Real Estate Fund VI.

Participants

Name	Role	Type	Description
Travers Smith LLP	Legal Advisor	Company	Provided legal advisory services for the facility provided to Harbert European Real Estate Fund VI.
RBS International (RBSI)	Provider of the Subscription Facility	Company	Provided a €77 million subscription facility to Harbert European Real Estate Fund VI.
Harbert European Real Estate Fund VI	Target	Company	A fund managed by Harbert Management Corporation, focused on real estate investments in Europe.
Harbert Management Corporation	Fund Manager	Company	Manages Harbert European Real Estate Fund VI.