Daniel Cunningham
The manager has expanded the geographic scope and timeframe of its previous analysis in its latest estimate.
The lender has introduced a loan framework designed to fund affordable housing in Germany and the Netherlands.
The financing, from two Dutch and a French bank, will support the growth of the manager’s pan-European logistics platform.
The firm last week announced a retail and hotel refinancing in London, bringing its European loan book to £1.1bn.
Velo Capital, the recently formed group’s credit arm, will target financing opportunities including ‘brown-to-green’ schemes.
The Berlin-based firm says its open-ended credit vehicle is one of the first in Germany to be classified as Article 9.
A full-scale financial crisis currently looks unlikely, but there is further potential for volatility, the manager warned.
The head of Europe for the risk management firm sees sponsors aiming to push out debt maturities by up to two years.
The transaction, on which JLL advised, was completed at a time when banks increasingly scrutinise office loans.
The volume of capital in the annual ranking has grown, despite managers facing a more difficult job to win commitments.