Jane Roberts
Global volatility is focus of debate at LNR/HPI’s CRE Debt Forum, reports Jane Roberts.
M&G launches first European fund to offer inflation-linked protection, writes Jane Roberts.
The latest figures compiled by our Research & Analytics division show that there are 117 real estate debt funds in the market, seeking around $50.1 billion of capital in total. We recorded 57 funds with an Americas focus, and 40 with a focus on Europe.
Pbb Deutsche Pfandbriefbank unveiled a record year for new real estate lending in 2015, writing €10.4 billion of new business and predicting a similar level in 2016.
The European finance director at private equity firm Ares, Mike Pashley, and Ali Imraan from RBS’s ABS team, have joined LaSalle’s debt investment business.
The pair will beef up LaSalle’s debt investment and special situations team led by Amy Aznar, which saw several senior staff leave last year.
Berlin Hyp, the German mortgage bank, will be back in London in the next few months, when it opens a UK office as part of its focus on key European lending markets, Real Estate Capital has learned.
Aareal Bank is targeting €7 billion - €8 billion of new lending business in 2016 after originating €9.6 billion in 2015, and also plans to step up loan distribution.
The €9.6 billion lent last year is down on 2014‘s €10.7 billion, but it was substantially ahead of the bank’s target forecast of €6 billion - €7 billion.
White Tower, one of the highest-profile European securitisations to default after the financial crisis, is heading towards court, Real Estate Capital has learned.
Bill Maxted’s replacement as author of the De Montfort University UK property lending report is Dr Nicole Lux, a former banker at Deutsche Bank.
Lux has begun meeting banks and and other lenders with Maxted to get an overview of the market.
Deutsche Hypo has provided £53 million of initial finance to Ashby Capital, secured on a Swansea retail asset.
The loan for Morfa Retail Park, at a loan-to-value ratio of 60 percent, follows Ashby’s cash acquisition of the shopping park in December.