The UK’s Financial Conduct Authority (FCA) has indicated that it will tighten up regulation of the burgeoning crowdfunding industry, of which real estate lending is an increasing sub-sector.
Crowdfunding platforms are a small part of Europe’s real estate finance market, but financial technology moves fast and can be disruptive.
La Banque Postale Asset Management (LBPAM) has reached a second close on its real estate debt fund, having raised €400 million.
Aareal Bank has confirmed that it has agreed a €610 million loan, with the ability to extend it to €1 billion, which Real Estate Capital recently reported will finance Invesco Real Estate's open-ended pan-European fund.
The loan will fund development at the 38-acre Hamilton International Technology Park campus in the Scottish town of Hamilton in South Lanarkshire.
The Real Estate Capital annual awards poll is now open and you may vote in 26 categories for the companies and deals which you think stood out in 2016.
PGIM Real Estate’s latest European high-yield real estate debt fund has attracted a $200 million (circa €188 million) commitment from one of the largest pension funds in the US.
The UK’s stand-out deal in November was an £800 million financing which will fund Quintain’s residential-led Wembley Park development. The project, located on land surrounding Wembley Stadium, will include 4,850 homes, many of which will be available to rent.
The latest figures compiled by our Research & Analytics division show there are 116 real estate debt funds in the market, seeking just over $48.9 billion of capital.
UK marketplace lender LendInvest has reduced its minimum loan size for commercial and residential property bridging loans as it attempts to roll out its real estate lending business across the UK regions.