Daniel Cunningham
The London-based asset manager, which has a special situations background, is raising for a senior property loans strategy.
The head of real estate at the alternative investor explains the rationale behind the €300m green bond financing of one of its portfolio companies.
Among the past week’s most noteworthy items, manager Oaktree emphasised the importance of credit-related deals to its new opportunity fund.
Among the key trends highlighted in the past 10 days, lenders to UK real estate are left to ponder their borrowers’ plight following an extension to the ban on tenant evictions.
In a busy start to March, a UK leisure platform attracted £1.8bn of finance, banks re-upped on a London office tower loan and sponsors demanded speculative logistics debt.
Uncertainty around the office sector’s future did not deter the banks from financing 110 Bishopsgate again.
The manager secured commitments from new and existing participants in its European credit fund series.
Pandemic-induced uncertainty dented property financing activity last year. But the achievements of our awards winners demonstrate that many remained focused on credit matters.
Although they were less active, US investment banks continued to write real estate loans in Europe during 2020.
Several of Europe’s bank lenders remained key sources of capital in European markets in 2020, despite taking less risk.