The United Kingdom's LNR Property Holdings Ltd. has completed the initial closing of a fund focused exclusively on European investment opportunities for real-estate-related debt and commercial mortgage-backed securities.The company said it expects the fund, LNR Europe Investors, to have total equity commitments of £360 million (approximately $690 million) in place soon. With anticipated leverage, the fund will have up to £900 billion (about $1.7 billion) of total purchasing capacity, LNR Property Holdings reported. LNR is the fund's lead investor and also has contributed an initial portfolio of investments to it. A team led by Scott Goedken, LNR's European investment director, will be responsible for sourcing and executing investment opportunities on behalf of the fund and its investors. LNR Property can be found on the Web at http://www.lnrproperty.com.

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